Digging Up the Facts on Marathon Petroleum Corporation (MPC)

Marathon Petroleum Corporation (MPC) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Refining & Marketing. The stock has been active on the tape, currently trading at $52.34, up from yesterday’s close by 1.71%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

This company has been competing with others in the Basic Materials space and offers its own combination of interesting factors Marathon Petroleum Corporation (MPC) currently trades with a market capitalization of $28.07 Billion. That value represents a market adjusting for revenues that have been growing by 27.98 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For MPC, the company currently has $2.17 Billion of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $1.52 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.12 on a per share basis this quarter. Perhaps, that suggests something about why 0.38% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Marathon Petroleum Corporation recorded a 52-week high of $54.20. It is now trading 1.86% off that level. The stock is trading $50.18 its 50-day moving average by -2.16%. The stock carved out a 52-week low down at $31.26.

In recent action, Marathon Petroleum Corporation (MPC) has made a move of +3.79% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 31.52, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.17% with $513.47 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MPC.

Previous articleTaking a Look at the Data Behind Occidental Petroleum Corporation (OXY)
Next articleExelon Corporation (EXC): What’s the Story?