Marathon Petroleum Corporation (MPC) Monthly Report
Publication Date: September 22, 2024
Company Overview
Marathon Petroleum Corporation (MPC), headquartered in Findlay, Ohio, is a leading integrated downstream energy company operating within the Oil & Gas Refining & Marketing industry. Established in 1887, Marathon Petroleum primarily focuses on refining crude oil and other feedstocks, while its Midstream segment is responsible for the transportation and distribution of these products. The company offers a diverse range of refined products—including transportation fuels, propane, and petrochemicals—serving both domestic and international wholesale marketing customers. With a total revenue of approximately $148.77 billion, MPC stands out for its significant contributions to the energy market.
Current Market Dynamics
Marathon Petroleum’s stock demonstrates promising outlooks, evidenced by analysts projecting a target high price of $200.00—indicating a notable upside of about 21.7% from the current market price of $164.39. The average target price among analysts is estimated at $181.81, reflecting healthy growth potential. Current short interest within the stock is at 2.43%, suggesting a generally positive investor sentiment, as low short-selling typically indicates confidence in the company’s stability and growth prospects. Notably, the company has a favorable consensus recommendation of “buy,” supported by the mean score of 2.3 among 15 analysts.
Stock Performance and Volatility
The stock has recently experienced volatility, with a fifty-two-week high of $221.11 and a low of $139.32. Currently pricing below its fifty-day moving average of $169.7488, the stock is seen to be navigating a short-term bearish trend. This significant fluctuation indicates heightened investor caution, underscoring the importance of strategic decision-making in the current financial landscape. However, the overall favorable financial indicators and optimistic analyst outlooks contribute to a compelling investment opportunity within the Oil & Gas sector.
Investors considering Marathon Petroleum should weigh these insights against individual financial goals, market conditions, and risk tolerance to make informed decisions in the evolving energy market.
| Metric | Value |
|---|---|
| Market Cap | $55.0b |
| Total Debt | $30.1b |
| Total Cash | $8.5b |
| Shares Outstanding | 334.7m |
| Float Shares | 333.7m |
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