Monitoring Marathon Petroleum Corporation (MPC) after recent insider movements

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Marathon Petroleum Corporation’s filing revealed that its Ex VP, Refining Aydt Timothy J unloaded Company’s shares for reported $0.95 million on Nov 22. In the deal valued at $126.54 per share,7,477 shares were sold. As a result of this transaction, Aydt Timothy J now holds 16,762 shares worth roughly $ 2.13 million.

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Then, Lyon Shawn M sold 12,053 shares, generating $1,466,211 in total proceeds. Upon selling the shares at $121.65, the SVP Log & Storage, MPLX GP LLC now owns 14,660 shares.

Before that, Hennigan Michael J sold 80,149 shares. Marathon Petroleum Corporation shares valued at $9,516,091 were divested by the President & CEO at a price of $118.73 per share. As a result of the transaction, Hennigan Michael J now holds 248,596 shares, worth roughly $31.54 million.

Mizuho downgraded its Marathon Petroleum Corporation [MPC] rating to a Neutral from a a Buy in a research note published on Monday, January 10, 2023; the price target was increased to $133 from $125. PT values the company’s stock at a premium of 4.6 to its Monday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. BMO Capital Markets began covering MPC with “an Outperform” recommendation on June 14, 2022. Goldman revised its rating on May 16, 2022. It rated MPC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of MPC

On Monday, Marathon Petroleum Corporation [NYSE:MPC] saw its stock jump 0.92% to $126.88. On the same session, the stock had its day’s lowest price of $126.081, but rose to a high of $128.825. Over the last five days, the stock has gained 4.06%. Marathon Petroleum Corporation shares have risen nearly 9.01% since the year began. Nevertheless, the stocks have risen 76.25% over the past one year. While a 52-week high of $127.62 was reached on 01/23/23, a 52-week low of $67.49 was recorded on 01/04/23. SMA at 50 days reached $117.14, while 200 days put it at $101.89. A total of 3.96 million shares were traded, compared to the trading of 2.88 million shares in the previous session.

Levels Of Support And Resistance For MPC Stock

The 24-hour chart illustrates a support level at 125.70, which if violated will result in even more drops to 124.52. On the upside, there is a resistance level at 128.44. A further resistance level may holdings at 130.01. The Relative Strength Index (RSI) on the 14-day chart is 69.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.81%. Stochastics %K at 90.71% indicates the stock is a selling.

How much short interest is there in Marathon Petroleum Corporation?

A steep rise in short interest was recorded in Marathon Petroleum Corporation stocks on Oct 13, 2022, dropping by -3.38 million shares to a total of 13.3 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 16.68 million shares. There was a decline of -25.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.04% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.76.

Marathon Petroleum Corporation [MPC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 43,803,665 shares, or roughly 9.35% of the outstanding MPC shares. In other words, the investor’s shares have fallen by -2,259,896 from its previous 13-F filing of 46063561.0. Additionally, SSgA Funds Management, Inc. decreased -9.89% of its stake after which the total value it holdings stand at $4,006,475,744, while BlackRock Fund Advisors reduced -5.98% of its stake to hold $3.38 billion in the firm. At present, Boston Partners Global Investors, is holding 7,959,420 shares valued at $926.4 million. Norges Bank Investment Management owned 6,436,206 shares of the company at the time of its most recent 13F filing, worth $749.11 million.

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