Important negative changes in fundamentals have recently occurred for Marathon Petroleum Corp (NYSE: MPC): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Marathon Petroleum Corp (NYSE: MPC) has recently experienced significant negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Marathon Petroleum has a very high Appreciation Score of 86 but a slightly negative Power Rating of 36, and the High Neutral Value Trend Rating results.
Recent Price Action
On 9/20/24, Marathon Petroleum Corp (NYSE: MPC) stock declined modestly by -1.2%, closing at $164.39. Moreover, trading volume in this decline was exceptionally high at 308% of normal. The stock has risen 1.8% during the last week and has performed in line with the market over the last nine months.
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