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Stock Charts AI Power Rank: 2.4
Power Rank trend -> Falling
09/06/2024 16:10:00 EST
Marathon Petroleum Corp (MPC)
Industry: Oil & Gas Refining & Marketing
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MPC has been trading in a range between $179.88 and $169.89 (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 between resistance at $169.88 about 2% to the upside and support at $151.80 -9% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $174.34, about a 5% move. 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 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $160.29, a potential down side of -3.44% from the recent price of 166.00. The stock is trading 31.93% (potential upside) below its 52 week high of $219.01 and 21.55 % (potential downside) above its 52 week low of $136.57 - 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.
News
| Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 5, 2024 FINDLAY, Ohio , Sept. 6, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 5, 2024, at 11 a.m. Source: PRNewsWire Fri, 06 Sep 2024 16:15:00 -0400 Sentiment: Neutral |
| Marathon Petroleum (MPC) Up 1.4% Since Last Earnings Report: Can It Continue? Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock? Source: Zacks Investment Research Thu, 05 Sep 2024 12:36:00 -0400 Sentiment: Positive |
| Why Marathon Petroleum (MPC) Dipped More Than Broader Market Today Marathon Petroleum (MPC) concluded the recent trading session at $171.75, signifying a -1.19% move from its prior day's close. Source: Zacks Investment Research Wed, 04 Sep 2024 18:50:41 -0400 Sentiment: Neutral |
| Marathon Petroleum Can Continue Driving Strong Returns Marathon Petroleum Corporation's strong midstream business and substantial shareholder returns make it a valuable investment opportunity despite core business volatility. The company boasts impressive financial strength, returning $3.2 billion to shareholders and reducing its share count by 50% since mid-2021. Marathon Petroleum generates robust cash flow, supporting a nearly 15% dividend yield and aggressive share repurchases. Source: Seeking Alpha Wed, 04 Sep 2024 09:18:36 -0400 Sentiment: Positive |
| Why Holding Marathon Petroleum Stock Makes Sense for Now MPC shows strong cash flow and strategic growth, making it a solid hold despite turnaround costs and oil price volatility risks. Source: Zacks Investment Research Fri, 30 Aug 2024 10:26:06 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 219.0068 52 Week Low: 136.5732 Beta: 1.364 50 Day MA: 171.0918 200 Day MA: 172.6099 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.186 Qtr Revenue Growth YOY: 0.038 Forward PE: 11.9474 Trailing PE: 8.7048