Marathon Petroleum Corp (NYSE:MPC) shares, rose in value on Wednesday, January 22, with the stock price down by -2.13% to the previous day’s close as strong demand from buyers drove the stock to $147.61.
Actively observing the price movement in the last trading, the stock closed the session at $150.82, falling within a range of $147.42 and $150.59. The value of beta (5-year monthly) was 1.371 whereas the PE ratio was 11.69 over 12-month period. Referring to stock’s 52-week performance, its high was $221.11, and the low was $130.54. On the whole, MPC has fluctuated by 9.29% over the past month.
With the market capitalization of Marathon Petroleum Corp currently standing at about $47.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 3.38, with its dividend yield at 2.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 138.87B, with a low estimate of 21.45B and a high estimate of 40B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 31.9B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MPC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.84, with the price of MPC currently trading nearly 3.56% and -0.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.60, while the 7-day volatility ratio is showing 1.99% which for the 30-day chart, stands at 2.56%. Furthermore, Marathon Petroleum Corp (MPC)’s beta value is 1.40, and its average true range (ATR) is 3.82.
A comparison of Marathon Petroleum Corp (MPC) with its peers suggests the former has fared considerably weaker in the market. MPC showed an intraday change of -2.13% in last session, and over the past year, it shrunk by -3.51%%.
Data on historical trading for Marathon Petroleum Corp (NYSE:MPC) indicates that the trading volumes over the past 10 days have averaged 2.83 and over the past 3 months, they’ve averaged 2.61 million. According to company’s latest data on outstanding shares, there are 325.00 million shares outstanding.
Nearly 0.26% of Marathon Petroleum Corp’s shares belong to company insiders and institutional investors own 74.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.91 million shares as on 2024-12-31, resulting in a short ratio of 2.58. According to the data, the short interest in Marathon Petroleum Corp (MPC) stood at 247.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 7.96 million. The stock has risen by 5.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MPC stock heading into the next quarter.
