Marathon Petroleum Corp (NYSE: MPC) is 12.48% higher on its value in year-to-date trading and has touched a low of $130.54 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 $147.00 in the last trading session, with the day’s gains setting it 9.91%.
Currently trading at $156.91, the stock is 5.38% and 6.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.83 million and changing 6.74% at the moment leaves the stock -4.40% off its SMA200. MPC registered -6.34% loss for a year compared to 6-month loss of -4.70%. The firm has a 50-day simple moving average (SMA 50) of $147.4048 and a 200-day simple moving average (SMA200) of $164.3526.
The stock witnessed a 10.90% gain in the last 1 month and extending the period to 3 months gives it a 7.86%, and is 4.16% 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 4.47% over the week and 3.17% over the month.
Marathon Petroleum Corp (MPC) has around 18200 employees, a market worth around $50.43B and $141.79B in sales. Current P/E ratio is 12.43 and Fwd P/E is 13.10. Profit margin for the company is 3.19%. Distance from 52-week low is 20.20% and -29.04% from its 52-week high. The company has generated returns on investments over the last 12 months (10.35%).
with sales reaching $30.29B over the same period.The EPS is expected to shrink by -11.78% this year, but quarterly earnings will post -7.06% year-over-year. Quarterly sales are estimated to shrink -8.79% in year-over-year returns.
Marathon Petroleum Corp (MPC) Top Institutional Holders
1956.0 institutions hold shares in Marathon Petroleum Corp (MPC), with institutional investors hold 75.59% of the company’s shares. The shares outstanding are 325.00M, and float is at 320.57M with Short Float at 2.60%. Institutions hold 75.40% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 33.34 million shares valued at $5.78 billion. The investor’s holdings represent 9.1898% of the MPC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 28.18 million shares valued at $4.89 billion to account for 7.7668 of the shares outstanding. The other top investors are STATE STREET CORP which holds 23.75 million shares representing 6.546% and valued at over $4.12 billion, while ELLIOTT INVESTMENT MANAGEMENT L.P. holds 2.0301 of the shares totaling 7.37 million with a market value of $1.28 billion.
Marathon Petroleum Corp (MPC) Insider Activity
The most recent transaction is an insider purchase by CAMPBELL JEFFREY C, the company’s Director. SEC filings show that CAMPBELL JEFFREY C bought 6,000 shares of the company’s common stock on Dec 04 ’24 at a price of $149.61 per share for a total of $0.9 million. Following the purchase, the insider now owns 6090.0 shares.
Marathon Petroleum Corp disclosed in a document filed with the SEC on Mar 01 ’24 that Rucker Kim K.W. (Director) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $170.35 per share for $0.17 million. Following the transaction, the insider now directly holds 23446.0 shares of the MPC stock.
Still, SEC filings show that on Feb 26 ’24, Aydt Timothy J (Ex VP, Refining) disposed off 7,955 shares at an average price of $172.88 for $1.38 million. The insider now directly holds 9,801 shares of Marathon Petroleum Corp (MPC).
