Marathon Petroleum Corporation’s Stock Price Soars to $179.67, Marking a Robust 2.8% Uptick

Marathon Petroleum Corporation (MPC)

179.67 USD +4.90 (+2.80%) Volume: 3.14M

Marathon Petroleum Corporation’s stock price is currently at 179.67 USD, experiencing an impressive rise of +2.80% this trading session with a trading volume of 3.14M. With a remarkable year-to-date percentage change of +21.10%, MPC’s strong performance continues to attract investors.

Latest developments on Marathon Petroleum Corporation

Marathon Petroleum (MPC) has been making headlines recently with key events impacting its stock price movements. Despite a 3.5% dip following an analyst downgrade, the company’s CEO search concluded with Mannen taking the helm, a familiar face to lead the company forward. The deadly oil blast in Texas also shed light on safety lapses in US refineries, causing concerns but also presenting opportunities for refining stocks to soar. With bears losing control and a relative strength rating upgrade, Marathon Petroleum is now seen as a ‘buy’ by some analysts, adding to the risk-on sentiment in the oil market as US stockpiles shrink and prices rise.

Marathon Petroleum Corporation on Smartkarma

According to a recent report by Baptista Research on Smartkarma, Marathon Petroleum Corporation (MPC) has been given a bullish outlook. The report highlights MPC’s strong financial health and growth investments. The addition of two new independent directors to its board signals expansion and diversification. Additionally, MPC is optimistic about the macro refining environment, foreseeing an increase in oil demand driven by the growing need for transportation fuels.

A look at Marathon Petroleum Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Marathon Petroleum Corporation, a company that refines, transports, and markets petroleum products, has received mixed scores in various factors according to Smartkarma Smart Scores. While the company scored high in Growth and Momentum, indicating a positive long-term outlook in terms of expansion and market performance, it scored lower in Value, Dividend, and Resilience. This suggests that while Marathon Petroleum may have strong potential for growth and momentum, investors may need to consider other factors such as value and dividend payouts when evaluating the company.

Despite receiving a lower score in certain areas, Marathon Petroleum Corporation remains a key player in the petroleum industry, selling its products to resellers and consumers in the mid-west, gulf coast, and southeast United States. With a focus on growth and momentum, the company may continue to see success in the long term, although investors should carefully consider all aspects of the company’s performance before making investment decisions.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma