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Marathon Petroleum (MPC) Stock Moves -0.51%: What You Should Know

·3 min read

Marathon Petroleum (MPC) closed the most recent trading day at $95.65, moving -0.51% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.72%. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 0.27%.

Coming into today, shares of the refiner had lost 4.61% in the past month. In that same time, the Oils-Energy sector gained 1.38%, while the S&P 500 lost 9.06%.

Investors will be hoping for strength from Marathon Petroleum as it approaches its next earnings release, which is expected to be November 1, 2022. On that day, Marathon Petroleum is projected to report earnings of $6.11 per share, which would represent year-over-year growth of 736.99%. Meanwhile, our latest consensus estimate is calling for revenue of $37.16 billion, up 13.96% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $21.15 per share and revenue of $166.33 billion. These totals would mark changes of +763.27% and +37.54%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Marathon Petroleum. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.08% higher within the past month. Marathon Petroleum is currently a Zacks Rank #1 (Strong Buy).

Looking at its valuation, Marathon Petroleum is holding a Forward P/E ratio of 4.55. Its industry sports an average Forward P/E of 5.54, so we one might conclude that Marathon Petroleum is trading at a discount comparatively.

Meanwhile, MPC's PEG ratio is currently 0.2. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. MPC's industry had an average PEG ratio of 0.46 as of yesterday's close.

The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 9, which puts it in the top 4% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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