Why are Institutional Investors Interested in Buying Marathon Petroleum Corporation (MPC)?

Marathon Petroleum Corporation (NYSE: MPC) is 4.40% higher on its value in year-to-date trading and has touched a low of $15.26 and a high of $61.07 in the current 52-week trading range. The MPC stock was last observed hovering at around $44.17 in the last trading session, with the day’s loss setting it -0.99% off its average median price target of $48.50 for the next 12 months. It is also 34.58% off the consensus price target high of $66.00 offered by 18 analysts, but current levels are -7.95% lower than the price target low of $40.00 for the same period.

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Currently trading at $43.18, the stock is 3.88% and 11.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.25 million and changing -2.24% at the moment leaves the stock 25.97% off its SMA200. MPC registered -27.29% loss for a year compared to 6-month gain of 19.28%. The firm has a 50-day simple moving average (SMA 50) of $41.52 and a 200-day simple moving average (SMA200) of $35.80.

The stock witnessed a 1.72% loss in the last 1 month and extending the period to 3 months gives it a 38.75%, and is 4.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.55% over the week and 3.81% over the month.

Marathon Petroleum Corporation (MPC) has around 60910 employees, a market worth around $28.74B and $82.06B in sales. Profit margin for the company is -23.60%. Distance from 52-week low is 182.96% and -29.29% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).

Marathon Petroleum Corporation (MPC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Marathon Petroleum Corporation (MPC) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 1 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Marathon Petroleum Corporation is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.99 with sales reaching $17.33B over the same period.The EPS is expected to shrink by -24.80% this year, but quarterly earnings will post -42.90% year-over-year. Quarterly sales are estimated to shrink -44.80% in year-over-year returns.

Marathon Petroleum Corporation (MPC) Top Institutional Holders

1,157 institutions hold shares in Marathon Petroleum Corporation (MPC), with 3.66M shares held by insiders accounting for 0.56% while institutional investors hold 76.40% of the company’s shares. The shares outstanding are 650.00M, and float is at 646.99M with Short Float at 5.01%. Institutions hold 75.97% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 73.34 million shares valued at $2.15 billion. The investor’s holdings represent 11.27% of the MPC Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 64.72 million shares valued at $1.9 billion to account for 9.95% of the shares outstanding. The other top investors are State Street Corporation which holds 37.56 million shares representing 5.77% and valued at over $1.1 billion, while Morgan Stanley holds 1.85% of the shares totaling 12.07 million with a market value of $354.08 million.

Marathon Petroleum Corporation (MPC) Insider Activity

A total of 38 insider transactions have happened at Marathon Petroleum Corporation (MPC) in the last six months, with sales accounting for 16 and purchases happening 22 times.

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Marathon Petroleum Corporation (MPC): Who are the competitors?

The company’s main competitors (and peers) include Valero Energy Corporation (VLO) that is trading -39.37% down over the past 12 months. Delek US Holdings Inc. (DK) is -49.87% down on the 1-year trading charts. Short interest in the company’s stock has risen 5.37% from the last report on Nov 12, 2020 to stand at a total of 30.65 million short shares sold with a short interest ratio of 4.61.

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