Marathon Petroleum Corp’s recent filing unveils that its Director CAMPBELL JEFFREY C acquired Company’s shares for reported $0.9 million on Dec 04 ’24. In the deal valued at $149.61 per share,6,000 shares were bought. As a result of this transaction, CAMPBELL JEFFREY C now holds 6,090 shares worth roughly $0.86 million.
Then, Rucker Kim K.W. sold 1,000 shares, generating $170,350 in total proceeds. Upon selling the shares at $170.35, the Director now owns 23,446 shares.
Before that, Aydt Timothy J sold 7,955 shares. Marathon Petroleum Corp shares valued at $1,375,284 were divested by the Ex VP, Refining at a price of $172.88 per share. As a result of the transaction, Aydt Timothy J now holds 9,801 shares, worth roughly $1.38 million.
TD Cowen reiterated its Marathon Petroleum Corp [MPC] rating to a Buy in a research note published on December 10, 2024; the price target was $170. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Buy”‘ rating for it. Tudor Pickering Holt & Co. revised its rating on September 09, 2024. It rated MPC as “a Sell” which previously was an “a Buy”.
Price Performance Review of MPC
On Monday, Marathon Petroleum Corp [NYSE:MPC] saw its stock fall -1.55% to $140.53. Over the last five days, the stock has gained 3.58%. Marathon Petroleum Corp shares have risen nearly 0.74% since the year began. Nevertheless, the stocks have fallen -8.39% over the past one year. While a 52-week high of $221.11 was reached on 01/06/25, a 52-week low of $130.54 was recorded on 01/02/25. SMA at 50 days reached $148.56, while 200 days put it at $169.62.
Levels Of Support And Resistance For MPC Stock
The 24-hour chart illustrates a support level at 138.66, which if violated will result in even more drops to 136.78. On the upside, there is a resistance level at 143.46. A further resistance level may holdings at 146.38. The Relative Strength Index (RSI) on the 14-day chart is 44.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.96%. Stochastics %K at 65.69% indicates the stock is a holding.
How much short interest is there in Marathon Petroleum Corp?
A steep rise in short interest was recorded in Marathon Petroleum Corp stocks on 2024-12-13, growing by 1.7 million shares to a total of 8.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.88 million shares. There was a rise of 19.79%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 07, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $190.
