Marathon Petroleum Corp (NYSE: MPC) has reported earnings for its second fiscal quarter (ending June 30) of $4.34 versus $5.34 for the same period a year ago — a decline of -19%. However, this result exceeded the consensus estimate of $3.20 by $1.14. For the latest four quarters through June 30, E.P.S. were $19.07 versus $27.59 for the same period a year ago — a decline of -31%.
Recent Price Action
Marathon Petroleum Corp (NYSE: MPC) stock enjoyed a very large increase of 5.5% on 8/6/24. The shares closed at $170.89. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months but has declined -0.6% during the last week.
Current PriceTarget Research Rating
MPC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Marathon Petroleum has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Marathon Petroleum has a slightly positive Power Rating of 62 and a very high Appreciation Score of 86, leading to 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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