Marathon Petroleum Corporation (NYSE:MPC) is now being followed by Piper Jaffray, as they initiated the stock at Overweight on January 10. Analysts at Standpoint Research, started covering the stock on December 26 with a Accumulate rating. Brokerage firm Cowen, looks cautious as they stick to prior recommendation of Outperform, in a call on December 06. However, they did change the target price from $87 to $101.
Marathon Petroleum Corporation (MPC) hit an intraday high Friday at $66.14. The shares finished at $64.87, after trading as low as $63.22 earlier in the session. It rose 1.95% in recent trade and currently has a stock-market value of $43.96B. Trading activity significantly weakened as the volume at ready counter decreased to 6,862,995 shares versus 7,813,350 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 6,694,612 shares. The stock is now 19.49% above against its bear-market low of $54.29 on December 24, 2018. It has retreated -36.35% since it’s 52-week high of $88.45 reached in September. Now the market price is down -6.68% on the year and up 9.93% YTD.
MPC’s 50 day simple moving average (SMA 50) price is $63.17 and its 200-day simple moving average (SMA 200) price is $74.06. The company’s stock currently has a total float of 677.65M shares. Its weekly volatility is hovering around 3.6% and felt 3.9% volatility in price over a month. On the upside, the share price will test short term resistance at around $66.27. On a downside, the stock is likely to find some support, which begins at $63.35. The failure to get near-term support could push it to $61.82.
Separately, it has been reported that multiple insider activity took place at Marathon Petroleum Corporation (MPC). Director Davis Steven A acquired 3,500 shares for $31,086 in transaction occurred on 2018/12/14. After making this transaction, the Director owns a direct stake of 217,490 shares, worth $2,016,549, as per the last closing price. On 2018/11/19 Davis Steven A, Director at MPC, purchased 2,500 shares at an average price of $62.2 per share. The new stake is valued at $1,781,460.
Exec Vice Chairman, Goff Gregory James had invested in 140 shares for $1,593,192 through a trade on 2018/10/12. Following this activity, the insider holds 11,131 shares worth $103,000,000 as of recent close. Wall Street’s most bullish Marathon Petroleum Corporation (NYSE:MPC) analysts are predicting the share price to blow past $124 per share during the next 12 months. The current median share price forecast by them is $95, suggesting that the stock could increase 46.45% in that time frame. The average price target of $94.21 calls for a nearly 45.23% increase in the stock price.
When looking at valuations, Marathon Petroleum Corporation (MPC) has a cheap P/E of 12.96x as compared to industry average of 16.46x. Moreover, it trades for 9.31 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.93x price/book and 0.51x price/sales. Compared to others, Marathon Petroleum Corporation is in a different league with regards to profitability, having net margins of 4.5%. To put some perspective around this, the industry’s average net margin is 5.12%. MPC’s ROE is 26%, which is also considerably better than the industry’s ROE of 12.98%. It’s also very liquid in the near term, with a current ratio of 1.6. The stock has a debt/capital of 1.22.
Shares of Marathon Petroleum Corporation (MPC) have dropped -7.9% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Marathon Petroleum Corporation (NYSE:MPC) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. MPC last reported earnings on November 01, 2018 when it released Sep-18 results that receded expectations. The company raked in $1.62 per share, -66.8% change on the same period last year. That was worse than consensus for $1.7. Revenue for the recent quarter stood at $23.13 billion, up 19% on last year and below the $23.6 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $32.3 billion to $33.75 billion, which should be compared with $0 generated last year. EPS is seen in a range of $1.66 to $2.52, against the $2.05 reported a year ago.