Marathon Petroleum Corp (NYSE: MPC). Extremely important negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Marathon Petroleum Corp (NYSE: MPC). Meaningful 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 B. 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Marathon Petroleum has a neutral Power Rating of 56 but a very high Appreciation Score of 85, leading to the Positive Value Trend Rating.
Recent Price Action
On 9/4/24, Marathon Petroleum Corp (NYSE: MPC) stock declined modestly by -1.2%, closing at $171.75. Trading volume in this decline was normal. The stock has declined -0.8% during the last week but has been strong relative to the market over the last nine months.
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