Marathon Petroleum Corp (MPC) concluded trading on Wednesday at a closing price of $188.89, with 3.48 million shares of worth about $656.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.22% during that period and on March 13, 2024 the price saw a gain of about 4.24%. Currently the company’s common shares owned by public are about 368.00M shares, out of which, 360.56M shares are available for trading.
However, the stock later moved at a day high price of 189.82, or with a gain of 4.24%. Stock saw a price change of 7.83% in past 5 days and over the past one month there was a price change of 11.84%. Year-to-date (YTD), MPC shares are showing a performance of 27.32% which increased to 52.60% 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 $182.95 during that period. The average intraday trading volume for Marathon Petroleum Corp shares is 2.95 million. The stock is currently trading 9.59% above its 20-day simple moving average (SMA20), while that difference is up 14.82% for SMA50 and it goes to 30.25% higher than SMA200.
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Marathon Petroleum Corp (NYSE: MPC) currently have 368.00M outstanding shares and institutions hold larger chunk of about 77.75% of that.
The stock has a current market capitalization of $68.26B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 8.03, while it has posted earnings per share of $23.53 in the same period. It has Quick Ratio of 1.13 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 2.57% while standing at 2.50% over the month.
Analysts are in expectations that Marathon Petroleum Corp (MPC) stock would likely to be making an EPS of $1.97 in the current quarter, while forecast for next quarter EPS is $5.57 and it is $14.75 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 -33.25% while it is estimated to decrease by -5.50% in next year. EPS is likely to shrink at an annualized rate of -9.85% for next 5-years, compared to annual growth of 34.95% 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.
