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- 1 MPC stock went up 1.25% after dropping around 15% post earnings report.
- 2 The current Russian rebellion scenario is causing U.S. stocks to suffer but is making crude prices soar.
The U.S. stock market suffered on June 26, and the short lived mutiny in Russia made crude dearer, causing MPC stock to swell by 1.25%. The mutiny by the Wagner Group is challenging Vladimir Putin’s future. Major stocks like Meta Platforms Inc. (META.o), Alphabet Inc. (GOOGL.O), etc., experienced slight correction.
Marathon Petroleum Corp. (MPC Stock) – Financial Analysis
Kirr Marbach & Co. LLN IN corrected its position in Marathon by 1.0% in Q1, 2023. The firm sold 956 shares from total holdings of 92,318 shares. The petroleum company accounts for 3.9% of Kir Marbach’s portfolio, worth $12.44 Million. Global Assets Advisory LLC increased its holding by 3.4% in Q4 2022. Its current holdings are worth $314k.
Strategic Blueprint LLC also expanded its portfolio by adding 1.4% in Q4 2024, now worth $778k. FirstPurpose Wealth LLC hiked its position in Marathon Petroleum by 3.7% in Q4; its current status is worth $298k. Armstrong Advisory Group Inc. expanded its position by acquiring 44.1% in Q1, 2023; the current valuation is worth $41k.
Chevron Corporation (NYSE: CVX) the United States based multinational energy company focused in oil and gas is trading during press time at, $154.01, gaining 1.76%.
At press time, NYSE: MPC is trading at $113.04, gaining 1.25%; previous close and open were at $111.64 and $111.51, respectively. The trailing twelve months (ttm) price-to-earnings ratio (P/E) is 3.47, indicating that it is undervalued, and the earnings per share (EPS) in a similar time frame is $32.58. The 52-week change is reported to swell by 27.46%.
With an average volume of 3.99 Million shares, the market cap is $48.607 Billion. Analysts placed the price target at $142.77 with an upside of 26.3%, giving a 2.83 rating for moderate buy. CCL’s share price dropped 11.03% in the last three months and 3.18% in six months. In the previous year, the share price plummeted by 31.59%.
Source: MarketBeat; MPC
The last earnings were reported on May 2, 2023, where revenue was said to be $35.077 Billion. The value beat the consensus estimate of $33.181 Billion by 5.71%, placing the surprise at $1.896 Billion; despite this positive report, the share price dropped by nearly 15%. Quarterly change in revenue saw a drop of 8.67% to $34.94 Billion, and the revenue (ttm) is said to be $174.92 Billion.
The revenue per share (ttm) is $362.90, and the quarterly revenue growth year-over-year (YoY) dropped by 8.70%. The company’s operating expenses are up by 7.60% to $1.70 Billion, while the profit margin increased by 12.63%. The profit margin grew by 9.37%, and the net profit margin increased by 252.94% to 7.80.
The total cash in hand at the end of the most recent quarter (mrq) is $11.45 Billion, and the total debt in a similar time frame is $28.54 Billion.
Marathon Petroleum Corp. (MPC Stock) – Candle Exploration
MPC’s share price has been in an ascending channel since September 2022, indicating strong growth. But just before the earnings, a breakthrough made the current price brush the now flat 200 EMA. The price is expected to consolidate between R1 and S1, forming a base. Market variables would then decide further movement.
For entering a bullish momentum, the price action must beat R1, now acting as a strong resistance. If the price goes south and crosses S1, S2 should serve as the following line of defence.
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
