While Marathon Petroleum Corp has overperformed by 0.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MPC rose by 4.61%, with highs and lows ranging from $221.11 to $140.98, whereas the simple moving average fell by -9.41% in the last 200 days.
On October 17, 2024, BofA Securities started tracking Marathon Petroleum Corp (NYSE: MPC) recommending Neutral. A report published by Tudor Pickering Holt & Co. on September 09, 2024, Downgraded its rating to ‘Sell’ for MPC. TD Cowen also reiterated MPC shares as ‘Buy’, quoting a target price of $190 on the company’s shares in a report dated August 07, 2024. Wolfe Research Initiated an Outperform rating on July 18, 2024, and assigned a price target of $200. TD Cowen resumed its ‘Outperform’ rating for MPC, as published in its report on January 31, 2024. Wells Fargo also rated the stock as ‘Overweight’.
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Analysis of Marathon Petroleum Corp (MPC)
Investors in Marathon Petroleum Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.30 per share. Further, the quarter-over-quarter increase in sales is 3.78%, showing a positive trend in the upcoming months.
One of the most important indicators of Marathon Petroleum Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and MPC is recording 2.69M average volume. On a monthly basis, the volatility of the stock is set at 3.05%, whereas on a weekly basis, it is put at 1.58%, with a loss of -3.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $175.35, showing growth from the present price of $158.31, 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?
The Oil & Gas Refining & Marketing market is dominated by Marathon Petroleum Corp (MPC) 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 8.32, there is a growth in quarterly earnings of -18.58%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 76.23% 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 76.23% at present.
