TD Cowen has recently reiterated Marathon Petroleum Corp (MPC) stock to Buy rating, as announced on November 6, 2024, according to Finviz. Earlier, on October 17, 2024, BofA Securities had resumed the stock to Neutral, setting a price target of $174. Tudor, Pickering, Holt & Co. also reduced Sell rating. Additionally, TD Cowen reiterated Buy rating on August 7, 2024, with a target price of $190. Wolfe Research analysts, in their report published on July 18, 2024, also initiated Outperform rating and set a price target of $200 for Marathon Petroleum Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Marathon Petroleum Corp (MPC) Stock Trading Recap
On Monday, Marathon Petroleum Corp (MPC) stock saw a modest uptick, ending the day at $156.06 which represents a slight increase of $2.31 or 1.50% from the prior close of $153.75. The stock opened at $154 and touched a low of $152.65 during the day, reaching a high of $156.14. The volume of shares traded was 1.86 million falling short of the average volume of 2.71 million.
MPC Stock Performance and Moving Averages
In recent trading, Marathon Petroleum Corp (MPC) stock price has shown some volatility, fluctuating 7.67% over the last five trades and -4.99% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -12.26%, and it has plunged by -11.20% in the previous three months. Currently, MPC is trading at 2.37%, -2.51%, and -10.56% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MPC, a Energy sector stock, is trading -29.42% below its 52-week high but remains 10.70% above its 52-week low. The Average True Range (ATR) (14 days) of 4.28 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Marathon Petroleum Corp’s Profitability and Valuation Ratios
Marathon Petroleum Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 4.89% and a profit margin of 3.19%, with a gross margin of -12.26%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Marathon Petroleum Corp’s market capitalization stands at $50.07 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 12.36, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 15.77. Additionally, the Price-to-Sales Ratio is 0.35, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.68, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.24% of Marathon Petroleum Corp (MPC)’s shares, while financial institutions hold 78.71%.
Notable insider trades include Rucker Kim K.W., Director at Marathon Petroleum Corp (MPC), who sold 1000 shares on Mar 01 ’24, at $170.35 each, totaling $0.17 million. On Feb 26 ’24, Aydt Timothy J, Ex VP, Refining, sold 7955 shares for $172.88 each, amounting to $1.38 million. Additionally, on Nov 13 ’23, HAGEDORN CARL KRISTOPHER sold 1436 shares at $146.81 each, generating $0.21 million.
