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Last Price: 202.46 - Change: -1.4 - Change %: -0.6867
04/17/2024 16:10:00 EST

Marathon Petroleum Corp (MPC)

Industry: Oil & Gas Refining & Marketing

Price Support Resistance

In the past 20 trading days, MPC has been trading in a range between $219.13 and $196.99 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

MPC is trading below resistance at $219.13, about 8% to the upside. There is support at $169.68 -16% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Marathon Petroleum Corp $MPC entered a Green zone 60 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $160.29, a potential down side of -20.83% from the recent price of 202.46. Our AI powered stock target predictor currently has a target price of $103.36 a potential move of -49%. The stock is trading 9.21% (potential upside) below its 52 week high of $221.11 and 98.22 % (potential downside) above its 52 week low of $102.14 - based on the recent price.

Company Summary

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

MPC Website

News

Marathon's (MPC) Stock Is Soaring, But Is It Time to Buy?
The recent rise in oil prices has played a key role in Marathon Petroleum's (MPC) surge.
Source: Zacks Investment Research
Tue, 16 Apr 2024 08:46:07 -0400
Sentiment: Positive
7 Energy Stocks Poised to Profit as Crude Oil Prices Soar
Crude oil prices show little sign of slowing their ascent (and probably won't), meaning it's a great time to consider energy stocks. Yeah, it may not align with contemporary politics and ideologies of pushing green solutions.
Source: InvestorPlace
Mon, 15 Apr 2024 13:05:23 -0400
Sentiment: Positive
Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Marathon Petroleum (MPC) concluded the recent trading session at $208.77, signifying a -1.65% move from its prior day's close.
Source: Zacks Investment Research
Fri, 12 Apr 2024 18:51:23 -0400
Sentiment: Neutral
Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
Source: Zacks Investment Research
Fri, 12 Apr 2024 10:05:24 -0400
Sentiment: Positive
Marathon Petroleum: Still Has Gas In The Tank After 100% Returns
Marathon Petroleum has gone up over 100% since my last coverage of the company. In my two year look ahead, MPC has ample margin to continue its large buyback program and increase the dividend even in the face of potentially declining crack spreads. MPC's refining business remains undervalued and can produce annual returns of 15% or more.
Source: Seeking Alpha
Mon, 08 Apr 2024 06:12:08 -0400
Sentiment: Positive
Instituions Institution %: 78.413
Last QTR Institution change: -4488016

Insiders
Insiders %: 0.295
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 41341
Insiders Net last QTR: -41341

Analyst Ratings
Target Price: 160.29
Overall Rating: 4.1177
Strong Buys (5): 7
Buys (4): 5
Holds (3): 5
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 221.11
52 Week Low: 102.145
Beta: 1.527
50 Day MA: 187.1192
200 Day MA: 156.1248

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.459
Qtr Revenue Growth YOY: -0.085
Forward PE: 12.987
Trailing PE: 8.6272

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