Valued at a market cap of $74.5 billion, Marathon Petroleum Company (MPC) is an built-in downstream vitality firm based mostly in Findlay, Ohio. It processes crude oil and different feedstocks throughout a strong nationwide refinery system to supply important transportation fuels.
This vitality firm has notably outperformed the broader market over the previous 52 weeks. Shares of MPC have soared 54.3% over this timeframe, whereas the broader S&P 500 Index ($SPX) has gained 26.6%. Furthermore, on a YTD foundation, the inventory is up 56.8%, in comparison with SPX’s 8.1% rise.
Extra Information from Barchart
Wanting nearer, MPC has additionally outpaced the State Road Power Choose Sector SPDR ETF (XLE), which rose 38.9% over the previous 52 weeks and 33% on a YTD foundation.
On Could 5, MPC shares soared 3.2% after delivering spectacular Q1 earnings outcomes. The efficiency highlighted the resilience of its built-in enterprise mannequin and disciplined capital allocation technique. Its adjusted EBITDA of $2.8 billion elevated 39.9% year-over-year, whereas its adjusted EPS of $1.65 rebounded from a lack of $0.24 per share within the year-ago quarter, handily topping analyst estimates.
For the present fiscal yr, ending in December, analysts anticipate MPC’s EPS to develop 117.3% yr over yr to $29.67. The corporate’s earnings shock historical past is combined. It topped the consensus estimates in three of the final 4 quarters, whereas lacking on one other event.
Among the many 18 analysts overlaying the inventory, the consensus score is a “Average Purchase,” which is predicated on 9 “Robust Purchase,” three “Average Purchase,” and 6 “Maintain” scores.
The configuration is extra bullish than two months in the past, with eight analysts suggesting a “Robust Purchase” score.
On Could 7, The Goldman Sachs Group, Inc. (GS) analyst Neil Mehta maintained a “Purchase” score on MPC and raised its worth goal to $291, indicating a 14.1% potential upside from the present ranges.
The imply worth goal of $262.41 suggests a 2.9% premium to its present worth ranges, whereas its Road-high worth goal of $335 implies a 31.4% potential upside.
On the date of publication, Neharika Jain didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. This text was initially revealed on Barchart.com
