Marathon Petroleum Corp (MPC) concluded trading on Thursday at a closing price of $164.52, with 2.81 million shares of worth about $462.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.24% during that period and on July 18, 2024 the price saw a loss of about -0.63%. Currently the company’s common shares owned by public are about 368.00M shares, out of which, 351.53M shares are available for trading.
Stock saw a price change of 0.14% in past 5 days and over the past one month there was a price change of -4.20%. Year-to-date (YTD), MPC shares are showing a performance of 10.89% which increased to 37.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $117.63 but also hit the highest price of $221.11 during that period. The average intraday trading volume for Marathon Petroleum Corp shares is 2.50 million. The stock is currently trading -3.38% below its 20-day simple moving average (SMA20), while that difference is down -5.23% for SMA50 and it goes to -2.28% lower than SMA200.
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Marathon Petroleum Corp (NYSE: MPC) currently have 368.00M outstanding shares and institutions hold larger chunk of about 75.45% of that.
The stock has a current market capitalization of $57.97B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 8.22, while it has posted earnings per share of $20.02 in the same period. It has Quick Ratio of 0.99 while making debt-to-equity ratio of 1.24. 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 2.79% while standing at 2.42% over the month.
Stock’s fiscal year EPS is expected to drop by -46.76% while it is estimated to increase by 14.89% in next year. EPS is likely to shrink at an annualized rate of -3.70% 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 Wolfe Research on Jul-19-24 offering an Outperform rating for the stock and assigned a target price of $200 to it. Coverage by TD Cowen stated Marathon Petroleum Corp (MPC) stock as an Outperform in their note to investors on January 31, 2024, suggesting a price target of $170 for the stock. On January 24, 2024, Citigroup Initiated their recommendations, while on December 14, 2023, Wells Fargo Upgrade their ratings for the stock with a price target of $169. Stock get a Neutral rating from Mizuho on August 16, 2023.
