Marathon Petroleum Corp (NYSE: MPC)’s stock price has decreased by -0.84 compared to its previous closing price of 208.77. However, the company has seen a -4.59% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Marathon Petroleum (MPC) concluded the recent trading session at $208.77, signifying a -1.65% move from its prior day’s close.
Is It Worth Investing in Marathon Petroleum Corp (NYSE: MPC) Right Now?
Marathon Petroleum Corp (NYSE: MPC) has a price-to-earnings ratio of 8.80x that is above its average ratio. Additionally, the 36-month beta value for MPC is 1.51. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 7 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for MPC is 359.54M and currently, short sellers hold a 2.14% ratio of that float. The average trading volume of MPC on April 16, 2024 was 2.84M shares.
MPC’s Market Performance
MPC’s stock has seen a -4.59% decrease for the week, with a 9.55% rise in the past month and a 31.47% gain in the past quarter. The volatility ratio for the week is 2.72%, and the volatility levels for the past 30 days are at 2.27% for Marathon Petroleum Corp The simple moving average for the last 20 days is 0.88% for MPC stock, with a simple moving average of 33.37% for the last 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.
Wells Fargo gave a rating of “Overweight” to MPC, setting the target price at $169 in the report published on December 14th of the previous year.
MPC Trading at 11.55% 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 -6.37% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares surge +6.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.57% upper at present.
During the last 5 trading sessions, MPC fell by -4.59%, which changed the moving average for the period of 200-days by +79.86% in comparison to the 20-day moving average, which settled at $205.87. In addition, Marathon Petroleum Corp saw 39.54% 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 Rucker Kim K.W., who sale 1,000 shares at the price of $170.35 back on Mar 01 ’24. After this action, Rucker Kim K.W. now owns 23,446 shares of Marathon Petroleum Corp, valued at $170,350 using the latest closing price.
Aydt Timothy J, the Ex VP, Refining of Marathon Petroleum Corp, sale 7,955 shares at $172.88 during a trade that took place back on Feb 26 ’24, which means that Aydt Timothy J is holding 9,801 shares at $1,375,284 based on the most recent closing price.
Stock Fundamentals for MPC
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.11 for the gross margin
The net margin for Marathon Petroleum Corp stands at 0.07. The total capital return value is set at 0.2. Equity return is now at value 37.12, with 10.91 for asset returns.
Based on Marathon Petroleum Corp (MPC), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.52. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 10.15.
Currently, EBITDA for the company is 16.94 billion with net debt to EBITDA at 1.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 12.78for trailing twelve months and the total asset turnover is 1.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
In conclusion, Marathon Petroleum Corp (MPC) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
