Home  »  Finance   »  Investors Considering Selling Marathon Petroleum C...

Investors Considering Selling Marathon Petroleum Corporation (Marathon Petroleum Corporation:MPC) Holdings?

Marathon Petroleum Corporation (NYSE:MPC) traded at $97.20 at close of the session on Tuesday, 09/20/22, made an upward move of 0.93% on its previous day’s price.

Looking at the stock we see that its previous close was $96.30 and the beta (5Y monthly) reads 1.79 with the day’s price range being $95.40 – $97.57. The company has a trailing 12-month PE ratio of 6.56. In terms of its 52-week price range, MPC has a high of $114.35 and a low of $56.08. The company’s stock has lost about -3.24% over that past 30 days.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

Marathon Petroleum Corporation has a market cap of $48.71 billion and is expected to release its quarterly earnings report on Jan 31, 2022 – Feb 04, 2022. With its Forward Dividend at 2.32 and a yield of 2.39%, the company’s investors could be anxious for the MPC stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $8.04, with the EPS growth for the year raised at $17.73 for 2022 and $9.69 for next year. These figures represent 623.70% and -45.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $44.08 billion, with a low of $22 billion and a high of $71.99 billion. The median projection represents growth squeezing down to 47.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $162.27 billion, or 34.20% up from figures reported last year.

There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MPC stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the MPC stock currently stands at 0.21, and the current price level is -2.87% off its SMA20 and 2.98% from its 50-day simple moving average. The RSI (14) is pointing at 48.51 while the volatility over the past week is 3.05% and jumps to 2.70% over the past one month. The beta value is 1.70, while the average true range (ATR) is currently pointing at 2.86.

Let’s briefly compare Marathon Petroleum Corporation (MPC) stock to its peers. We find that current price change of 0.93% and 70.14% over the past 12 months for MPC competes that of Exxon Mobil Corporation (XOM), which has seen its stock price fall -0.82% in the last trading session and was 72.17% over the last one year. Another of its peers Chevron Corporation (CVX) has dropped -0.40% previous session, and was 64.89% up over the past year. Marathon Petroleum Corporation has a P/E ratio of 6.56 compared to Exxon Mobil Corporation’s 10.11 and Chevron Corporation’s 10.44. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -1.13% and -1.01%, respectively, at close of the trading.

Coming back to Marathon Petroleum Corporation (NYSE:MPC), we note that the average 3-month trading volume was 5.38 million, while that of the preceding 10-day period stands at 5.84 million. Current shares outstanding are 532.00 million.

The insiders hold 0.20% of the company’s shares while institutions hold 81.10%. The data shows that short shares as of Jul 14, 2022, stood at 16.59 million at a short ratio of 1.92. This represents a 3.07% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 16.65 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 51.90% up in year-to-date price movement.

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]