While Marathon Petroleum Corp has overperformed by 5.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MPC rose by 18.72%, with highs and lows ranging from $221.11 to $139.32, whereas the simple moving average jumped by 0.47% in the last 200 days.
On September 09, 2024, Tudor Pickering Holt & Co. Downgraded Marathon Petroleum Corp (NYSE: MPC) to Sell. A report published by TD Cowen on August 07, 2024, Reiterated its previous ‘Buy’ rating for MPC. Wolfe Research also rated MPC shares as ‘Outperform’, setting a target price of $200 on the company’s shares in an initiating report dated July 18, 2024. TD Cowen Reiterated the rating as Outperform on January 31, 2024, but set its price target from $168 to $170. Citigroup initiated its ‘Neutral’ rating for MPC, as published in its report on January 24, 2024. Wells Fargo’s report from December 14, 2023 suggests a price prediction of $169 for MPC shares, giving the stock a ‘Overweight’ rating. Mizuho also rated the stock as ‘Neutral’.
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Analysis of Marathon Petroleum Corp (MPC)
A return on investment can be expected regardless of MPC’s performance over the next quarter with the dividend set at $3.30 per share. Further, the quarter-over-quarter increase in sales is 3.78%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Marathon Petroleum Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 30.52% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MPC is recording an average volume of 2.65M. On a monthly basis, the volatility of the stock is set at 3.06%, whereas on a weekly basis, it is put at 3.39%, with a gain of 6.98% over the past seven days. Furthermore, long-term investors anticipate a median target price of $180.69, showing growth from the present price of $174.84, which can serve as yet another indication of whether MPC is worth investing in or should be passed over.
How Do You Analyze Marathon Petroleum Corp Shares?
A leading company in the Oil & Gas Refining & Marketing sector, Marathon Petroleum Corp (MPC) is based in the USA. When comparing Marathon Petroleum Corp shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.19, there is a growth in quarterly earnings of -18.58%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.24%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.25% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MPC shares are owned by institutional investors to the tune of 76.25% at present.
