Don’t Let Recent momentum Confuse Your Outlook on Marathon Petroleum Corporation [MPC]

Marathon Petroleum Corporation [MPC] stock is up 4.68 while the S&P 500 has risen 0.88% on Friday, 12/04/20. While at the time of this article, MPC ATR is sitting at 2.11, with the beta value at 2.23. This stock’s volatility for the past week remained at 5.47%, while it was 4.96% for the past 30-day period. MPC has risen $1.92 from the previous closing price of $40.99 on volume of 5.56 million shares.

On 11, November 2020, Marathon Petroleum Corp. announces CFO to retire early next year. According to news published on Yahoo Finance, Marathon Petroleum Corporation (NYSE: MPC) today announced that Donald C. Templin, executive vice president and chief financial officer, has elected to retire from the company, effective in January 2021. A nationwide search for the company’s next CFO is ongoing.

Analyst Birdseye View:

The most recent analyst activity for Marathon Petroleum Corporation [NYSE:MPC] stock was on August 12, 2020, when it was Upgrade with an Outperform rating from Cowen, which also raised its 12-month price target on the stock from $37 to $43. Before that, on September 28, 2020, Tudor Pickering Recapitulated a Hold rating and elevated its amount target to $32. On August 04, 2020, Tudor Pickering Downgrade a Sell rating and boosted its price target on this stock to $35. On April 24, 2020, Citigroup Downgrade a Neutral rating and decreased its price target from $74 to $26. On April 16, 2020, Cowen Reiterated a Market perform rating and decreased its price target to $29. On March 27, 2020, CFRA Downgrade a Sell rating. On March 24, 2020, Raymond James Downgrade a Mkt perform rating. On February 13, 2020, Cowen Reiterated a Market perform rating and improved its amount target to $72.

In the past 52 weeks of trading, this stock has oscillated between a low of $15.26 and a peak of $62.14. Right now, according to Wall Street analyst the average 12-month amount target is $44.25. At the most recent market close, shares of Marathon Petroleum Corporation [NYSE:MPC] were valued at $42.91. According to the average price forecast, investors can expect a potential return of -0.3%.

FUNDAMENTAL ANALYSIS

Marathon Petroleum Corporation [NYSE:MPC] most recently reported quarterly sales of 17.25 billion, which represented growth of -36.60%. This publicly-traded organization’s revenue is $2,025,612 per employee, while its income is $43,277 per employee. This company’s Gross Margin is currently 7.50%, its Operating Margin is -29.80%, its Pretax Margin is +3.51, and its Net Margin is +2.14. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.75, 7.66, 8.64 and 4.19 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 48.17 and the whole liability to whole assets at 31.78. It shows enduring liability to the whole principal at 46.15 and enduring liability to assets at 0.30 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 41.90 points at 1st support level, the second support level is making up to 40.89. But as of 1st resistance point, this stock is sitting at 43.74 and at 44.57 for 2nd resistance point.

Marathon Petroleum Corporation [MPC] reported its earnings at -$1 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$1.7/share signifying the difference of 0.7 and 41.20% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$1.33 calling estimates for -$1.75/share with the difference of 0.42 depicting the surprise of 24.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Marathon Petroleum Corporation [NYSE:MPC] is 1.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.09. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.32 and it’s amount to book ratio is 1.16.