America based Marathon Petroleum Corp Shared Performed Better

Marathon Petroleum Corp. shares rose 1.18% to $64.09 Tuesday. This proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.02% to 4,227.26 and the Dow Jones Industrial Average DJIA falling 0.09% to 34,599.82.

Marathon Petroleum Corp. hit a new 52-week high, surpassing its previous peak of $64.03, which the company reached on June 7th. The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Exxon Mobil Corp. XOM rose 1.77% to $62.13, Chevron Corp. CVX rose 0.91% to $108.73, and BP PLC ADR BP rose 1.72% to $27.73.

Marathon Petroleum Corp shares Trading volume (9.8 M) eclipsed its 50-day average volume of 6.8 M.Marathon Petroleum reported revenues of $22.9 billion that beat the Zacks Consensus Estimate of $15.8 billion and improved 9% year over year. Marathon Petroleum reported expenses of $22.7 billion in first-quarter 2021, down 31.6% from the year-ago quarter.

In the reported quarter, Marathon Petroleum spent $410 million on capital programs (33% on Refining & Marketing and 34% on the Midstream segment) compared to $1.1 billion in the year-ago period. As of Mar 31, the company had cash and cash equivalents of $758 million and total debt, including that of MPLX, of $32.6 billion, with a debt-to-capitalization ratio of 53.4%. The consensus among analysts on Wall Street is a Strong Buy based on 9 Buy ratings. The average analyst price target of $70.71 implies 17.69% upside potential over current levels.MPC scores a 9 out of 10 on TipRanks’ Smart Score rating system, implying the stock is likely to outperform the market.