It makes sense and dollars to buy Marathon Petroleum Corp (MPC) stock

With 1.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.1 million shares. The 52-week range on MPC shows that it touched its highest point at $173.32 and its lowest point at $104.32 during that stretch. It currently has a 1-year price target of $172.35. With its current market cap of 64.39 billion, MPC has annualized dividend of $3.40 while the current yield stands at 2.00%. Beta for the stock currently stands at 1.51.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MPC was up-trending over the past week, with a rise of 2.41%, but this was up by 8.53% over a month. Three-month performance surged to 13.12% while six-month performance rose 19.61%. The stock gained 45.68% in the past year, while it has gained 14.31% so far this year. A look at the trailing 12-month EPS for MPC yields 23.29 with Next year EPS estimates of 14.32. For the next quarter, that number is 1.94. This implies an EPS growth rate of -36.32% for this year and -4.85% for next year. EPS is expected to decline by -9.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.42%.

Float and Shares Shorts:

At present, 379.70 million MPC shares are outstanding with a float of 378.87 million shares on hand for trading. On Jan 11, 2024, short shares totaled 8.29 million, which was 2.25% higher than short shares on Dec 14, 2023. In addition to Mr. Michael J. Hennigan as the firm’s CEO & Director, Ms. Maryann T. Mannen serves as its President.

Institutional Ownership:

Through their ownership of 79.45% of MPC’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MPC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MPC analysts setting a high price target of $186.00 and a low target of $155.00, the average target price over the next 12 months is $172.35. Based on these targets, MPC could surge 9.68% to reach the target high and fall by -8.6% to reach the target low. Reaching the average price target will result in a growth of 1.63% from current levels.

Summary of Insider Activity:

Insiders traded MPC stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 1,436 shares were sold. The number of buy transactions has increased to 50 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 191,704 while 225,625 shares were sold.