Marathon Petroleum Corp (NYSE: MPC) has reported E.P.S. of $2.59 for its first fiscal quarter (ending March 31) versus $6.13 for the same period a year ago — a decline of -58%. This performance was $-0.73 short of the consensus estimate of $3.32. For the latest four quarters through March 31, E.P.S. were $20.10 versus $33.26 for the same period a year ago — a decline of -40%.
Recent Price Action
On 4/30/24, Marathon Petroleum Corp (NYSE: MPC) stock suffered a large decline of -9.4%, closing at $181.72. Moreover, trading volume in this decline was exceptionally high at 215% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MPC is expected to continue to be a major Value Builder.
Marathon Petroleum has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Marathon Petroleum has a good Appreciation Score of 82 and a very high Power Rating of 93, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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