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Marathon Petroleum Corp (MPC) Stock Could Soon Reward Patient Investors

Marathon Petroleum Corp (NYSE: MPC) is 42.48% higher on its value in year-to-date trading and has touched a low of $104.32 and a high of $205.49 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 $204.41 in the last trading session, with the day’s gains setting it 6.97%.

Currently trading at $211.38, the stock is 11.13% and 20.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.51 million and changing 3.41% at the moment leaves the stock 40.29% off its SMA200. MPC registered 57.82% gain for a year compared to 6-month gain of 39.67%. The firm has a 50-day simple moving average (SMA 50) of $0.64 and a 200-day simple moving average (SMA200) of $5.09.

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The stock witnessed a 22.04% loss in the last 1 month and extending the period to 3 months gives it a 42.48%, and is 5.78% 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 2.58% over the week and 2.35% over the month.

Marathon Petroleum Corp (MPC) has around 18200 employees, a market worth around $76.17B and $148.46B in sales. Current P/E ratio is 8.98 and Fwd P/E is 12.83. Profit margin for the company is 6.52%. Distance from 52-week low is 102.63% and 2.87% from its 52-week high. The company has generated returns on investments over the last 12 months (19.16%).

Marathon Petroleum Corp quarterly earnings per share for the current quarter are estimated at $2.07 with sales reaching $31.67B over the same period.The EPS is expected to shrink by -23.36% this year, but quarterly earnings will post -8.60% year-over-year. Quarterly sales are estimated to shrink -11.00% in year-over-year returns.

Marathon Petroleum Corp (MPC) Top Institutional Holders

1,973 institutions hold shares in Marathon Petroleum Corp (MPC), with institutional investors hold 78.81% of the company’s shares. The shares outstanding are 368.00M, and float is at 359.58M with Short Float at 2.43%. Institutions hold 78.58% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 40.42 million shares valued at $4.71 billion. The investor’s holdings represent 10.11% of the MPC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 33.75 million shares valued at $3.94 billion to account for 8.44% of the shares outstanding. The other top investors are State Street Corporation which holds 28.22 million shares representing 7.06% and valued at over $3.29 billion, while Elliott Investment Management L.p. holds 2.77% of the shares totaling 11.06 million with a market value of $1.29 billion.

Marathon Petroleum Corp (MPC) Insider Activity

The most recent transaction is an insider sale by Rucker Kim K.W.,the company’sDirector. SEC filings show that Rucker Kim K.W. sold 1,000 shares of the company’s common stock on Mar 01 ’24 at a price of $170.35 per share for a total of $0.17 million. Following the sale, the insider now owns 23446.0 shares.

Marathon Petroleum Corp disclosed in a document filed with the SEC on Feb 26 ’24 that Aydt Timothy J (Ex VP, Refining) sold a total of 7,955 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $172.88 per share for $1.38 million. Following the transaction, the insider now directly holds 9801.0 shares of the MPC stock.

Still, SEC filings show that on Nov 13 ’23, HAGEDORN CARL KRISTOPHER (Senior VP and Controller) disposed off 1,436 shares at an average price of $146.81 for $0.21 million. The insider now directly holds 5,480 shares of Marathon Petroleum Corp (MPC).

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