Jefferies Cuts Price Target on Marathon Petroleum Corporation [MPC] – find out why.


Marathon Petroleum Corporation [NYSE: MPC] The scrip closed at $120.40, up 0.45% or 0.54 points with heavy trading volume of 3196207 shares. The company reported on November 14, 2022 that the Marathon Petroleum Project replaced the middle school near the Los Angeles refinery.


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Employees and contractors from Marathon Petroleum’s Los Angeles refinery recently completed a major renovation at the Andrew Carnegie Middle School in Carson, California.

Approximately 200 LAR employees and contractors participated in the beautification project that spanned the entire summer.

It opened the trading session at $118.19, shares rose to $120.49 and fell to $117.7545, the range in which the stock price traded throughout the day. The daily chart for MPC shows that the company has registered a gain of 25.73% in the last six months. However, it is still down -102.18% from its most recent trading low.

If we look at the average trading volume of 4.08M shares, MPC reached a volume of 3196207 in the most recent trading day, which is why market watchdogs consider the stock active.

What top equity market gurus are saying about Marathon Petroleum Corporation [MPC],

Based on careful and fact-backed analysis by Wall Street experts, the current consensus on the target price for MPC shares is $133.47 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on MPC stock is a recommendation set at 2.00. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Jefferies has an outlook for the shares of Marathon Petroleum Corporation on October 19, 2022 keeping its view on the stock as Hold in line with its previous recommendation. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on price target, representing the official price target of Marathon Petroleum Corporation stock, was issued on June 14, 2022. Earlier, the target price was again increased from $90 to $102, while Goldman maintained a neutral rating on MPC stock.

The Average True Range (ATR) for Marathon Petroleum Corporation is set at 3.49, with a Price to Sales ratio of 0.32 for MPC stock over the trailing 12-month period. The Price to Book ratio for the previous quarter was 2.25, the Price to Cash per share for the same quarter was set at 24.17. Free Cash Flow for MPC during the trailing twelve months was 4.55, with a quick ratio of 1.20 for the last quarter.

Trading Performance Analysis for MPC Stock

Marathon Petroleum Corporation [MPC] Reached the green zone at the end of last week, in a positive trend and with a gain of 1.02. With this latest performance, MPC shares have gained 10.59% over the past four-week period, besides falling 25.73% over the past 6 months — not to mention a gain of 89.37% in the past year of trading.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MPC stock for the past two-week period is set at 63.86, with the RSI last trading hit at 63.55, and the three-week RSI for Marathon Petroleum Corporation is set at 63.29. [MPC], The current moving average of this stock for last 50 days of trade is 107.39, while for last one week it was recorded at 120.40 and for last 200 days it is 93.74.

Marathon Petroleum Corporation [MPC]: A Deep Dive into Fundamental Analysis

Marathon Petroleum Corporation’s liquidity data is equally compelling, with a quick ratio of 1.20 and a current ratio set at 1.70.

Marathon Petroleum Corporation [MPC]: Earnings Per Share (EPS) Analysis

The company’s progress can be seen through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for MPC. When it comes to quoted price, analysts expect a 5 Year EPS growth rate of 22.00% for Marathon Petroleum Corporation.

Analysis of Insider Ownership in Marathon Petroleum Corporation [MPC]

Institutional investors currently hold approximately $44,448 million, or 85.50% of MPC stock, in their hands. The top three institutional holders of MPC shares are: Vanguard Group INC with ownership of 45,895,065, which is approximately -4.959% of the company’s market cap and approximately 0.10% of total institutional ownership; BlackRock Inc. holds 43,029,792 shares of stock with an estimated value of $5.18 billion in MPC stock shares; and State Street Corp., with $4.14 billion in MPC stock currently holding approximately -9.892% of the company’s market capitalization.

551 institutional holders increase their positions in Marathon Petroleum Corporation [NYSE:MPC] By approximately 15,580,537 shares. Additionally, 598 investors reduced positions by approximately 45,729,909 shares, while 221 investors maintained positions by 307,856,045 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 369,166,491 shares. There were 141 new institutional investments for a total of 2,919,072 shares in MPC stock, while 73 institutional investors sold 2,545,150 shares during the same period.

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