Recent extremely meaningful negative changes in investment behavior have impacted Marathon Petroleum Corp (NYSE: MPC): negative upside/downside volume developed, and its shorter term price trend turned down.
Marathon Petroleum Corp (NYSE: MPC) has recently experienced meaningful negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. 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 A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Marathon Petroleum has a good Appreciation Score of 84 and a very high Power Rating of 89, producing the Highest Value Trend Rating.
Recent Price Action
On 5/22/24, Marathon Petroleum Corp (NYSE: MPC) stock declined slightly by -0.3%, closing at $176.02. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.9% during the last week.
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