Home / Business and Economy / Marathon Petroleum Stock Soars Past Dow Jones
Marathon Petroleum Stock Soars Past Dow Jones
1 Dec
Summary
- Marathon Petroleum stock has surged 38.9% year-to-date.
- MPC stock has outperformed the Dow Jones Industrial Average.
- Analysts maintain a 'Moderate Buy' rating with upside potential.
Findlay, Ohio-based Marathon Petroleum Corporation (MPC) is a prominent integrated downstream energy company. Its stock has experienced substantial growth, with a year-to-date increase of 38.9% and a 24.7% rise over the past 52 weeks. This performance significantly surpasses that of the Dow Jones Industrial Average.
MPC's stock has largely traded above its 50-day and 200-day moving averages since May, indicating a consistent bullish trend. Although its Q3 earnings report on November 4th led to a brief 6.1% stock decline, the company's revenue exceeded expectations, driven partly by investment income.
Currently trading near its 52-week high, Marathon Petroleum's stock demonstrates resilience and strength in the energy sector. With a 'Moderate Buy' consensus from analysts and a projected upside potential, MPC remains a noteworthy player in the market.
