MPC Stock Summary and Trading Ideas (Marathon Petroleum | NYSE:MPC)

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

Marathon Petroleum trades on the NYSE stock market under the symbol MPC.

As of April 29, 2024, MPC stock price climbed to $200.51 with 1,864,516 million shares trading.

MPC has a beta of 0.52, meaning it tends to be less sensitive to market movements. MPC has a correlation of 0.05 to the broad based SPY ETF.

MPC has a market cap of $72.25 billion. This is considered a Large Cap stock.

Last quarter Marathon Petroleum reported $37 billion in Revenue and $3.98 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $1.77.

In the last 3 years, MPC stock traded as high as $221.11 and as low as $50.19.

The top ETF exchange traded funds that MPC belongs to (by Net Assets): VTI, VOO, XLE, SPY, IVV.

MPC has outperformed the market in the last year with a return of +66.9%, while the SPY ETF gained +24.2%. In the last 3 month period, MPC beat the market returning +25.7%, while SPY returned +4.1%. However, in the most recent 2 weeks MPC has underperformed the stock market by returning -3.1%, while SPY returned +1.1%.

MPC support price is $194.94 and resistance is $201.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MPC stock will trade within this expected range on the day.