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After A -5.73% Drop In Share Price, Is Marathon Petroleum Corporation (NYSE:MPC) A Better Trade Than Others?

In recent trading session, Marathon Petroleum Corporation (NYSE:MPC) saw 2.71 million shares changing hands at last check today with its beta currently measuring 1.70. Company’s recent per share price level of $90.48 trading at -$5.5 or -5.73% at last check today assigns it a market valuation of $48.10B. That most recent trading price of MPC’s stock is at a discount of -26.38% from its 52-week high price of $114.35 and is indicating a premium of 34.18% from its 52-week low price of $59.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.75 million shares which gives us an average trading volume of 5.14 million if we extend that period to 3-months.

Marathon Petroleum Corporation (NYSE:MPC) trade information

Upright in the red during last session for losing -5.73%, in the last five days MPC remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $90.48 price level, adding 8.81% to its value on the day. Marathon Petroleum Corporation’s shares saw a change of 49.99% in year-to-date performance and have moved -0.17% in past 5-day. Marathon Petroleum Corporation (NYSE:MPC) showed a performance of -7.26% in past 30-days. Number of shares sold short was 16.59 million shares which calculate 1.92 days to cover the short interests.

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Marathon Petroleum Corporation (MPC) estimates and forecasts

Statistics highlight that Marathon Petroleum Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 19.29% of value to its shares in past 6 months, showing an annual growth rate of 788.16% while that of industry is 37.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 1,100.00% in the current quarter and calculating 638.40% increase in the next quarter. This year revenue growth is estimated to rise 34.20% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $44.08 billion for the same. And 7 analysts are in estimates of company making revenue of $42.3 billion in the next quarter that will end on Sep 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1.80% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 111.90% while estimates for its earnings growth in next 5 years are of 30.95%.

MPC Dividends

Marathon Petroleum Corporation is more likely to be releasing its next quarterly report between January 31 and February 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Marathon Petroleum Corporation (NYSE:MPC)’s Major holders

Insiders are in possession of 0.30% of company’s total shares while institution are holding 79.66 percent of that, with stock having share float percentage of 79.90%. Investors also watch the number of corporate investors in a company very closely, which is 79.66% institutions for Marathon Petroleum Corporation that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at MPC for having 58.42 million shares of worth $5.0 billion. And as of Mar 30, 2022, it was holding 10.80% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 50.44 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 9.32% of outstanding shares, having a total worth of $4.31 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 16.32 million shares of worth $1.4 billion or 3.02% of the total outstanding shares. The later fund manager was in possession of 15.13 million shares on Jun 29, 2022, making its stake of worth around $1.24 billion in the company or a holder of 2.80% of company’s stock.

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