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Marathon Petroleum Corporation (MPC) Short-Term Forecasts And Estimates

Marathon Petroleum Corporation (NYSE:MPC) has a beta value of 1.60 and has seen 3.78 million shares traded in the last trading session. The company, currently valued at $59.82B, closed the last trade at $130.21 per share which meant it gained $3.33 on the day or 2.62% during that session. The MPC stock price is 1.07% off its 52-week high price of $128.82 and 48.17% above the 52-week low of $67.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.21 million shares traded. The 3-month trading volume is 3.72 million shares.

Marathon Petroleum Corporation (NYSE:MPC) trade information

Sporting 2.62% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the MPC stock price touched $130.21 or saw a rise of 0.41%. Year-to-date, Marathon Petroleum Corporation shares have moved 11.87%, while the 5-day performance has seen it change 6.93%. Over the past 30 days, the shares of Marathon Petroleum Corporation (NYSE:MPC) have changed 13.67%. Short interest in the company has seen 13.3 million shares shorted with days to cover at 2.76.

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Wall Street analysts have a consensus price target for the stock at $136.75, which means that the shares’ value could jump 4.78% from current levels. The projected low price target is $121.00 while the price target rests at a high of $155.00. In that case, then, we find that the current price level is -19.04% off the targeted high while a plunge would see the stock lose 7.07% from current levels.

Marathon Petroleum Corporation (MPC) estimates and forecasts

Figures show that Marathon Petroleum Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 46.63% over the past 6 months, with this year growth rate of 924.90%, compared to 24.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 852.10% and 259.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 42.90%.

6 analysts offering their estimates for the company have set an average revenue estimate of $41.73 billion for the current quarter. 6 have an estimated revenue figure of $37.44 billion for the next quarter concluding in Dec 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.80% over the past 5 years. Earnings growth for 2023 is a modest 111.90% while over the next 5 years, the company’s earnings are expected to increase by 55.80%.

MPC Dividends

Marathon Petroleum Corporation is expected to release its next earnings report between January 31 and February 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.00 at a share yield of 2.30%. The company’s dividend yield has gone up over the past 12 months.

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

Insiders own 0.34% of the company shares, while shares held by institutions stand at 80.63% with a share float percentage of 80.91%. Investors are also buoyed by the number of investors in a company, with Marathon Petroleum Corporation having a total of 1,598 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 48.29 million shares worth more than $3.97 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 9.68% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 43.94 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $3.61 billion and represent 8.81% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. As of Jun 29, 2022, the former fund manager holds about 3.20% shares in the company for having 15.93 million shares of worth $1.31 billion while later fund manager owns 14.38 million shares of worth $1.43 billion as of Sep 29, 2022, which makes it owner of about 2.88% of company’s outstanding stock.

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