Why Should You Put Marathon Petroleum Corp (NYSE: MPC) On Your Portfolio?

Currently, there are 368.00M common shares owned by the public and among those 333.88M shares have been available to trade.

The company’s stock has a 5-day price change of 1.99% and -5.62% over the past three months. MPC shares are trading 10.69% year to date (YTD), with the 12-month market performance up to 6.11% higher. It has a 12-month low price of $139.32 and touched a high of $221.11 over the same period. MPC has an average intraday trading volume of 2.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.88%, -3.26%, and -5.23% respectively.

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Institutional ownership of Marathon Petroleum Corp (NYSE: MPC) shares accounts for 76.24% of the company’s 368.00M shares outstanding.

It has a market capitalization of $54.96B and a beta (3y monthly) value of 1.37. The stock’s trailing 12-month PE ratio is 8.63, while the earnings-per-share (ttm) stands at $19.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.35% over the week and 2.72% over the month.

Earnings per share for the fiscal year are expected to decrease by -54.99%, and 17.47% over the next financial year. EPS should shrink at an annualized rate of -3.70% over the next five years, compared to 34.95% over the past 5-year period.

TD Cowen coverage for the Marathon Petroleum Corp (MPC) stock in a research note released on August 07, 2024 offered a Buy rating with a price target of $190. Wolfe Research was of a view on July 18, 2024 that the stock is Outperform, while TD Cowen gave the stock Outperform rating on January 31, 2024, issuing a price target of $168- $170. Citigroup on their part issued Neutral rating on January 24, 2024.

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