Marathon Petroleum Corporation (NYSE:MPC) traded at $130.01 at last check on Tuesday, 01/24/23, made a downward move of -0.15% on its previous day’s price.
Looking at the stock we see that its previous close was $130.21 and the beta (5Y monthly) reads 1.60 with the day’s price range being $117.31 – $130.74. The company has a trailing 12-month PE ratio of 5.71. In terms of its 52-week price range, MPC has a high of $130.74 and a low of $68.74. The company’s stock has gained about 13.67% over that past 30 days.
Marathon Petroleum Corporation has a market cap of $59.82 billion and is expected to release its quarterly earnings report on Jan 31, 2023 – Feb 06, 2023. With its Forward Dividend at 3.00 and a yield of 2.30%, 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 $6.95, with the EPS growth for the year raised at $23.34 for 2022 and $12.64 for next year. These figures represent 852.70% and -45.80% 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 $41.73 billion, with a low of $22.15 billion and a high of $62.31 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $172.78 billion, or 42.90% up from figures reported last year.
There have been no 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 100% 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 0.10, and the most recent price level today is 9.48% off its SMA20 and 10.72% from its 50-day simple moving average. The RSI (14) is pointing at 73.04 while the volatility over the past week is 4.69% and jumps to 3.36% over the past one month. The beta value is 1.60, while the average true range (ATR) is currently pointing at 4.29.
Let’s briefly compare Marathon Petroleum Corporation (MPC) stock to its peers. We find that today’s price change of -0.15% and 84.17% over the past 12 months for MPC competes that of Exxon Mobil Corporation (XOM), which has seen its stock price fall -1.16% in the latest trading session and is 57.70% over the last one year. Another of its peers Chevron Corporation (CVX) has dropped -1.71% today, and was 42.49% up over the past year. Marathon Petroleum Corporation has a P/E ratio of 5.71 compared to Exxon Mobil Corporation’s 9.28 and Chevron Corporation’s 10.29. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.43% and -1.17%, respectively, in early deals.
Coming back to Marathon Petroleum Corporation (NYSE:MPC), we note that the average 3-month trading volume was 3.73 million, while that of the preceding 10-day period stands at 3.22 million. Current shares outstanding are 491.00 million.
The insiders hold 0.20% of the company’s shares while institutions hold 79.50%. The data shows that short shares as of Oct 13, 2022, stood at 13.3 million at a short ratio of 2.76. This represents a 2.67% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 16.68 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 11.87% up in year-to-date price movement.