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NYSE:MPC

61.35
3.20 (4.96%) 1d
0
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COMMENT

From a PE valuation standpoint, refiners tend to work together. You see spreads widen or narrow off the raw product of oil, into the different commercial products. This company has been a good performer over the years. Not having great visibility into the cycle and to the spreads, he would probably pass on making this a core holding.

oil / gas
WATCH

He sees resistance around $51. The chart shows a double top in 2015. This is a good indicator that the 2nd time the bulls tried to do it, they got exhausted. Currently the chart is showing a nice upward trend. He likes energy. If this breaks above $51, he would be keen to add.

oil / gas
COMMENT

You can expect resistance on this at around $42. It is now at $38, so it is reaching a Sell target zone. If there is any further rally, he would Sell.

oil / gas
WATCH

With refiners, from late summer to end of Sept, this sector goes through a process. They shut down refineries and move into producing heating oil. Mid July until end of Sept is seasonal strength. Watch inventories of gas and heating oil.

oil / gas
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Marathon Petroleum(MPC-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Marathon Petroleum is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Marathon Petroleum(MPC-N) Frequently Asked Questions

What is Marathon Petroleum stock symbol?

Marathon Petroleum is a American stock, trading under the symbol MPC-N on the New York Stock Exchange (MPC). It is usually referred to as NYSE:MPC or MPC-N

Is Marathon Petroleum a buy or a sell?

In the last year, there was no coverage of Marathon Petroleum published on Stockchase.

Is Marathon Petroleum a good investment or a top pick?

Marathon Petroleum was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Marathon Petroleum.

Why is Marathon Petroleum stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Marathon Petroleum worth watching?

In the last year, there was no coverage of Marathon Petroleum published on Stockchase.

What is Marathon Petroleum stock price?

On 2021-11-26, Marathon Petroleum (MPC-N) stock closed at a price of $61.35.