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Marathon Petroleum Corp (MPC) Looks Ready for Growth Despite 9.81% Change This Year

Marathon Petroleum Corp (NYSE: MPC) is 9.81% higher on its value in year-to-date trading and has touched a low of $117.15 and a high of $221.11 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 $167.47 in the last trading session, with the day’s loss setting it -4.55%.

Currently trading at $162.92, the stock is -5.71% and -7.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.71 million and changing -2.72% at the moment leaves the stock -3.00% off its SMA200. MPC registered 38.04% gain for a year compared to 6-month gain of 6.83%.

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The stock witnessed a -7.29% loss in the last 1 month and extending the period to 3 months gives it a -24.91%, and is -6.79% down 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 2.53% over the week and 2.35% over the month.

Marathon Petroleum Corp (MPC) has around 18200 employees, a market worth around $57.40B and $146.51B in sales. Current P/E ratio is 8.14 and Fwd P/E is 9.85. Profit margin for the company is 5.38%. Distance from 52-week low is 39.07% and -26.32% from its 52-week high. The company has generated returns on investments over the last 12 months (16.26%).

with sales reaching $35.29B over the same period.The EPS is expected to shrink by -34.24% this year, but quarterly earnings will post -6.30% year-over-year. Quarterly sales are estimated to shrink -4.20% in year-over-year returns.

Marathon Petroleum Corp (MPC) Top Institutional Holders

The shares outstanding are 368.00M, and float is at 351.53M with Short Float at 2.77%.

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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