Director Davis Steven A acquired 3,500 shares in Marathon Petroleum Corporation (NYSE:MPC) for $31,086 in transaction occurred on 2018/12/14. After making this transaction, the Director owns a direct stake of 217,490 shares, worth $1,949,714, as per the last closing price. On 2018/11/19 Davis Steven A, Director at MPC, purchased 2,500 shares at an average price of $62.2 per share. The new stake is valued at $1,722,417.
Separately, it had been reported that some other MPC insiders also took part of the insider trading activity. Exec Vice Chairman, Goff Gregory James had invested in 140 shares for $1,593,192 through a trade on 2018/10/12. Following this activity, the insider holds 11,131 shares worth $99,925,002 as of recent close. Wall Street’s most bullish Marathon Petroleum Corporation (NYSE:MPC) analysts are predicting the share price to blow past $124 per share during the next 12 months. The current median share price forecast by them is $94, suggesting that the stock could increase 49.87% in that time frame. The average price target of $93.21 calls for a nearly 48.61% increase in the stock price.
Marathon Petroleum Corporation (MPC) trading activity significantly improved as the volume at ready counter increased to 8,274,125 shares versus 6,406,160 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 6,474,674 shares. The share price dropped -1.54% in recent trade and currently has a stock-market value of $44.01B. The shares finished at $62.72, after trading as low as $61.92 earlier in the session. It hit an intraday high Friday at $64.1012. The stock is now 15.53% above against its bear-market low of $54.29 on December 24, 2018. It has retreated -41.02% since it’s 52-week high of $88.45 reached in September. Now the market price is down -3.64% on the year and up 6.29% YTD.
MPC’s 50 day simple moving average (SMA 50) price is $62.59 and its 200-day simple moving average (SMA 200) price is $73.08. The company’s stock currently has a total float of 684.38M shares. Its weekly volatility is hovering around 3.53% and felt 2.92% volatility in price over a month. On the upside, the share price will test short term resistance at around $63.91. On a downside, the stock is likely to find some support, which begins at $61.73. The failure to get near-term support could push it to $60.73.
It had seen a new analyst call from Macquarie, which initiated the stock at Outperform on February 06. Analysts at Piper Jaffray, started covering the stock on January 10 with a Overweight rating. Analysts at Standpoint Research, made their first call about the stock on December 26, recommending it is Accumulate. Cowen, reiterated their call for Outperform, on December 06. On the other hand, they had set new target price to $101 versus $87.
When looking at valuations, Marathon Petroleum Corporation (MPC) has a cheap P/E of 12.53x as compared to industry average of 22.45x. Moreover, it trades for 6.86 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.87x price/book and 0.51x price/sales. Compared to others, Marathon Petroleum Corporation is in a different league with regards to profitability, having net margins of 4.7%. To put some perspective around this, the industry’s average net margin is 4.91%. MPC’s ROE is 27.1%, which is also considerably better than the industry’s ROE of 8.92%. It’s also very liquid in the near term, with a current ratio of 1.6. The stock has a debt/capital of 1.22.
MPC last reported earnings on February 07, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $2.22 per share, -83.57% change on the same period last year. That was better than consensus for $1.96. Revenue for the recent quarter stood at $32.54 billion, up 53% on last year and below the $34.03 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $20.16 billion to $34.45 billion, which should be compared with $22.5 billion generated last year. EPS is seen in a range of $0.02 to $1.13, against the $0.93 reported a year ago.