Marathon Petroleum Corporation (NYSE: MPC) is 11.87% higher on its value in year-to-date trading and has touched a low of $67.49 and a high of $128.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MPC stock was last observed hovering at around $126.88 in the last trading session, with the day’s gains setting it 3.33% off its average median price target of $135.00 for the next 12 months. It is also 15.99% off the consensus price target high of $155.00 offered by 17 analysts, but current levels are -7.61% lower than the price target low of $121.00 for the same period.
Currently trading at $130.21, the stock is 10.51% and 11.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.78 million and changing 2.62% at the moment leaves the stock 27.79% off its SMA200. MPC registered 84.17% gain for a year compared to 6-month gain of 46.63%.
The stock witnessed a 13.67% loss in the last 1 month and extending the period to 3 months gives it a 16.91%, and is 6.93% 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 8.05% over the week and 4.16% over the month.
Marathon Petroleum Corporation (MPC) has around 17700 employees, a market worth around $59.82B and $174.38B in sales. Current P/E ratio is 5.71 and Fwd P/E is 7.47. Profit margin for the company is 6.90%. Distance from 52-week low is 92.93% and 1.08% from its 52-week high. The company has generated returns on investments over the last 12 months (7.50%).
Marathon Petroleum Corporation (MPC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Marathon Petroleum Corporation (MPC) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 1 think it is a “Overweight”. 11 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 05/02/2023.The EPS is expected to grow by 111.90% this year.
Marathon Petroleum Corporation (MPC) Top Institutional Holders
The shares outstanding are 491.00M, and float is at 466.98M with Short Float at 2.70%.
Marathon Petroleum Corporation (MPC) Insider Activity
A total of 69 insider transactions have happened at Marathon Petroleum Corporation (MPC) in the last six months, with sales accounting for 27 and purchases happening 42 times. The most recent transaction is an insider sale by Aydt Timothy J,the company’sEx VP, Refining. SEC filings show that Aydt Timothy J sold 7,477 shares of the company’s common stock on Nov 22 at a price of $126.54 per share for a total of $0.95 million. Following the sale, the insider now owns 16762.0 shares.
Marathon Petroleum Corporation disclosed in a document filed with the SEC on Nov 18 that Lyon Shawn M (SVP Log & Storage, MPLX GP LLC) sold a total of 12,053 shares of the company’s common stock. The trade occurred on Nov 18 and was made at $121.65 per share for $1.47 million. Following the transaction, the insider now directly holds 14660.0 shares of the MPC stock.
Still, SEC filings show that on Nov 16, Hennigan Michael J (President & CEO) disposed off 80,149 shares at an average price of $118.73 for $9.52 million. The insider now directly holds 248,596 shares of Marathon Petroleum Corporation (MPC).
Marathon Petroleum Corporation (MPC): Who are the competitors?
The company’s main competitors (and peers) include Exxon Mobil Corporation (XOM) that is trading 57.70% up over the past 12 months and Chevron Corporation (CVX) that is 42.49% higher over the same period.