Marathon Petroleum‘s shares have surged, riding the wave of oil prices soaring past the $90 per barrel mark on September 18, 2023. As an esteemed player in the oil refining industry, Marathon Petroleum stands to benefit from this upward trend, as higher oil prices often translate into increased profits for companies of its kind. It is important to highlight, though, that Marathon Petroleum’s latest earnings report unveiled a decline in profits, attributed to the lackluster performance of subdued oil prices. Nevertheless, the stock of Marathon Petroleum has exhibited a notable surge in relative strength over the past few months, indicating a potential turnaround in fortunes.
Marathon Petroleum Corporation
Updated on: 27/11/2023
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
2:00 AM (UTC)
Date:27 November, 2023
|Analyst / firm||Rating|
|Cowen & Co.||Sell|
Marathon Petroleum Corporation (MPC) Stock Performance and Financial Analysis – September 18, 2023
On September 18, 2023, Marathon Petroleum Corporation (MPC) had a positive day in terms of its stock performance. Starting with the previous close, MPC’s stock closed at $153.81. The opening price on September 18 was $155.30, indicating a slight increase from the previous day. Throughout the day, the stock traded within a range of $155.30 to $157.82. The trading volume for the day stood at 596,440, which is significantly lower than the average volume of the past three months, which is 3,584,943. MPC’s market capitalization is $61.5 billion. When it comes to earnings growth, MPC witnessed a substantial increase of 946.92% in the previous year. However, for the current year, there was a decline of 28.05% in earnings growth. Looking ahead, the company is expected to experience a positive growth rate of 32.24% over the next five years. In terms of revenue growth, MPC experienced a growth rate of 48.12% in the previous year. The P/E ratio for MPC stands at 5.8. The price/sales ratio for MPC is 0.34, and the price/book ratio is 2.52. Looking at the performance of other companies in the same industry, Phillips 66 (PSX) saw a 1.25% increase in its stock price, Valero Energy (VLO) experienced a 2.00% increase, Imperial Oil Ltd (IMO) had a 0.41% increase, and Sinclair Corp (DINOHF) witnessed a 2.63% increase. MPC’s next reporting date is scheduled for October 31, 2023. The EPS forecast for this quarter is $5.10. In terms of financials, MPC reported an annual revenue of $177.4 billion in the previous year, and the company reported an annual profit of $14.5 billion, with a net profit margin of 8.14%. MPC operates in the energy minerals sector, specifically in the oil refining/marketing industry. The company’s corporate headquarters are located in Findlay, Ohio. In conclusion, on September 18, 2023, MPC experienced a positive stock performance with a slight increase in its stock price. The company has demonstrated strong revenue growth in the past year and is expected to recover from a temporary decline in earnings growth this year. With a relatively low P/E ratio and price/sales ratio, the stock may present an attractive investment opportunity. However, it is essential to consider the broader industry trends and market conditions before making any investment decisions.
Marathon Petroleum Corp (MPC) Poised for Promising Performance in September 2023: CNN Money Analysis
Marathon Petroleum Corp (MPC) is set to have a promising performance on September 18, 2023, based on the information provided by CNN Money. The 16 analysts offering 12-month price forecasts for MPC have a median target of 158.50, with a high estimate of 173.00 and a low estimate of 141.00. The consensus among 18 polled investment analysts is to buy stock in MPC. This rating has remained unchanged since August, indicating a consistent positive sentiment towards the company’s prospects. MPC is expected to report earnings per share of $5.10 and sales of $33.7 billion for the current quarter, with the reporting date set for October 31. Investors should keep in mind that stock performance is subject to various factors, including market conditions, industry trends, and company-specific events. However, based on the information available, MPC appears to be in a favorable position. Investors should conduct their own research and consider consulting with a financial advisor before making any investment decisions.