Marathon Petroleum Corp (MPC) concluded trading on Thursday at a closing price of $169.23, with 4.52 million shares of worth about $765.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.12% during that period and on Thursday the price saw a gain of about 1.24%. Currently the company’s common shares owned by public are about 379.70M shares, out of which, 378.87M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 89 times over the past 12 months. They bought 191,704 shares in 50 of the transactions. In 39 selling transactions, insiders dumped 225,625 shares.
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Stock saw a price change of 0.88% in past 5 days and over the past one month there was a price change of -0.39%. Year-to-date (YTD), MPC shares are showing a performance of 14.07% which increased to 36.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $104.32 but also hit the highest price of $175.29 during that period. The average intraday trading volume for Marathon Petroleum Corp shares is 3.04 million. The stock is currently trading 0.29% above its 20-day simple moving average (SMA20), while that difference is up 5.80% for SMA50 and it goes to 19.15% higher than SMA200.
Marathon Petroleum Corp (NYSE: MPC) currently have 379.70M outstanding shares and institutions hold larger chunk of about 73.99% of that.
The stock has a current market capitalization of $64.26B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 7.27, while it has posted earnings per share of $23.29 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 1.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MPC, volatility over the week remained 2.68% while standing at 2.62% over the month.
Analysts are in expectations that Marathon Petroleum Corp (MPC) stock would likely to be making an EPS of $1.86 in the current quarter, while forecast for next quarter EPS is $5.32 and it is $14.76 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.44 which is $2.76 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $6.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -35.95% while it is estimated to decrease by -2.75% in next year. EPS is likely to shrink at an annualized rate of -9.85% for next 5-years, compared to annual growth of 34.42% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 31, 2024 offering an Outperform rating for the stock and assigned a target price range of between $168 and $170 to it. On December 14, 2023, Wells Fargo Upgrade their recommendations, while on August 16, 2023, Mizuho Downgrade their ratings for the stock with a price target of $161. Stock get a Neutral rating from BofA Securities on August 15, 2023.
