Extremely important negative changes in investment behavior have recently occurred for Marathon Petroleum Corp (NYSE: MPC): negative upside/downside volume developed, and the stock fell on very heavy volume.
Marathon Petroleum Corp (NYSE: MPC). Important negative changes in fundamentals have recently occurred: 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Marathon Petroleum has a slightly positive Power Rating of 67 and a good Appreciation Score of 84, resulting in the Highest Value Trend Rating.
Recent Price Action
Marathon Petroleum Corp (NYSE: MPC) stock declined slightly by -0.6% on 6/21/24. The stock closed at $172.67. Moreover, this decline was accompanied by exceptionally high trading volume at 288% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.3% during the last week.
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