Marathon Petroleum Corp (MPC) Shares Up Despite Recent Market Volatility

The stock price of Marathon Petroleum Corp (NYSE: MPC) has surged by 168.89 when compared to previous closing price of 172.88, but the company has seen a -1.30% decline in its stock price over the last five trading sessions. CNBC Television reported 2024-02-09 that Today’s “Halftime Report” Investment Committee, Bryn Talkington, Jason Snipe, Jim Lebenthal and Kevin Simpson give their top picks to watch for the second half.

Is It Worth Investing in Marathon Petroleum Corp (NYSE: MPC) Right Now?

The price-to-earnings ratio for Marathon Petroleum Corp (NYSE: MPC) is 7.25x, which is above its average ratio. Moreover, the 36-month beta value for MPC is 1.51.

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The public float for MPC is 378.87M and currently, short sellers hold a 2.13% of that float. On February 13, 2024, MPC’s average trading volume was 0.90 shares.

MPC’s Market Performance

MPC stock saw an increase of -1.30% in the past week, with a monthly gain of 8.69% and a quarterly increase of 19.10%. The volatility ratio for the week is 2.08%, and the volatility levels for the last 30 days are 2.60% for Marathon Petroleum Corp (MPC). The simple moving average for the past 20 days is 81.75% for MPC’s stock, with a Jan 30 BMO simple moving average for the past 200 days.

Analysts’ Opinion of MPC

Many brokerage firms have already submitted their reports for MPC stocks, with TD Cowen repeating the rating for MPC by listing it as a “Outperform.” The predicted price for MPC in the upcoming period, according to TD Cowen is $170 based on the research report published on January 31, 2024 of the current year 2024.

MPC Trading at -8.47% from the 50-Day Moving Average

After a stumble in the market that brought MPC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.56% of loss for the given period.

Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +7.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.56% upper at present.

During the last 5 trading sessions, MPC fell by -1.30%, which changed the moving average for the period of 200-days by +37.84% in comparison to the 20-day moving average, which settled at $161.88. In addition, Marathon Petroleum Corp saw 13.84% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MPC starting from HAGEDORN CARL KRISTOPHER, who sale 1,436 shares at the price of $146.81 back on Nov 13. After this action, HAGEDORN CARL KRISTOPHER now owns 5,480 shares of Marathon Petroleum Corp, valued at $210,819 using the latest closing price.

Rucker Kim K.W., the Director of Marathon Petroleum Corp, sale 6,000 shares at $152.43 during a trade that took place back on Nov 01, which means that Rucker Kim K.W. is holding 24,098 shares at $914,580 based on the most recent closing price.

Stock Fundamentals for MPC

Equity return is now at value 33.24, with 12.77 for asset returns.

Conclusion

To wrap up, the performance of Marathon Petroleum Corp (MPC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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