Marathon Petroleum Corp [MPC] stock is trading at $193.84, up 2.57%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MPC shares have gain 7.96% over the last week, with a monthly amount glided 14.10%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Marathon Petroleum Corp [NYSE: MPC] stock has seen the most recent analyst activity on January 31, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $170 from $168. On December 14, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $169 on the stock. Mizuho downgraded its rating to a Neutral and increased its price target to $161 on August 16, 2023. BofA Securities downgraded its rating to a Neutral and raised its price target to $162 on August 15, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on April 18, 2023, and downed its price target to $135. In a note dated March 29, 2023, Goldman upgraded an Buy rating on this stock and boosted its target price from $132 to $150.
Marathon Petroleum Corp [MPC] stock has fluctuated between $104.32 and $192.26 over the past year. Currently, Wall Street analysts expect the stock to reach $121.86 within the next 12 months. Marathon Petroleum Corp [NYSE: MPC] shares were valued at $193.84 at the most recent close of the market. An investor can expect a potential drop of -37.13% based on the average MPC price forecast.
Analyzing the MPC fundamentals
Marathon Petroleum Corp [NYSE:MPC] reported sales of 148.46B for the trailing twelve months, which represents a drop of -8.48%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.38 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 190.34 points at the first support level, and at 186.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 196.23, and for the 2nd resistance point, it is at 198.62.
Ratios To Look Out For
For context, Marathon Petroleum Corp’s Current Ratio is 1.59. Also, the Quick Ratio is 1.13, while the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 2.92 and price to earnings (TTM) ratio is 8.24.
Transactions by insiders
Recent insider trading involved Rucker Kim K.W., Director, that happened on Mar 01 ’24 when 1000.0 shares were sold. Ex VP, Refining, Aydt Timothy J completed a deal on Feb 26 ’24 to sell 7955.0 shares. Meanwhile, Senior VP and Controller HAGEDORN CARL KRISTOPHER sold 1436.0 shares on Nov 13 ’23.
