How to Buy Marathon Petroleum Stock
Marathon Petroleum Corp
Marathon Petroleum is a oil & gas refining & marketing company located in Ohio, United States, which is part of the Energy sector, and is traded under the ticker MPC on the NYSE exchange.
Marathon Petroleum stock last closed at $199.14, down 0.26% from the previous day, and has increased 57.41% in one year. It has overperformed other stocks in the Oil & Gas Refining & Marketing industry by 0.33 percentage points. Marathon Petroleum stock is currently +90.89% from its 52-week low of $104.32, and -9.94% from its 52-week high of $221.11.
As of Apr 24, 2024, there are 361.36M shares of MPC outstanding. The market cap of MPC is $71.96B. In the past 24 hours, 1.47M MPC shares were traded.
How to Buy Marathon Petroleum Stock
Wondering how to invest in Marathon Petroleum stock? Here's how.
- Decide where to buy Marathon Petroleum stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Marathon Petroleum stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Select your method of payment and add your info.
- Analyze Marathon Petroleum stock: The Marathon Petroleum ticker symbol is MPC. Is Marathon Petroleum stock a good investment? Should you buy shares of MPC? How do MPC's underlying business fundamentals look? Do top analysts think Marathon Petroleum is a good buy? Why has MPC's stock price moved recently? (Hint: Our stock market research website can help you decide if MPC is a good stock to buy).
- Make your MPC trade: Decide if you will purchase MPC shares at the current market price or use a limit order to buy MPC shares at a specific price.
- Get updates on your MPC position: Create a watchlist to important updates regarding your position in Marathon Petroleum stock.
Step 1: Decide where to buy Marathon Petroleum stock
You will need a brokerage account in order to access the NYSE market and buy MPC stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal info so you can buy MPC today.
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Step 3: Deposit money your investment account
Now that you've finished signing up on the best stock trading app, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing money into your new brokerage account.
Step 4: Analyze Marathon Petroleum stock
After you have identified the best place to buy Marathon Petroleum stock, it's important to evaluate their stock prior to buying, so you actually comprehend the risk and opportunity.
Marathon Petroleum Metrics
MPC Fundamentals
WallStreetZen was designed to help average investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on MPC's stock page.
How is MPC stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MPC's intrinsic value.
Using relative valuations ratios:
- MPC may be undervalued based on its P/E ratio of 8.39x, relative to Oil & Gas Refining & Marketing industry P/E ratio of 8.59x
- MPC could be overvalued based on its P/B ratio of 2.95x, relative to Oil & Gas Refining & Marketing industry P/B ratio of 2.28x
- MPC may be undervalued based on its PEG ratio of 0.33x
You can access more valuation analysis on MPC's stock here.
Is MPC a healthy company?
Positive Health Checks:
- MPC earnings of $13.02B is not enough to cover its interest payments.
- MPC's operating cash flow of $14.12B allows it to safely service it's debt of $28.50B.
- There are more short-term assets than short-term liabilities on the MPC balance sheet.
Negative Health Checks:
- MPC has a relatively high debt to equity ratio of 2.24.
- MPC profit margin has gone down from 8.1% to 6.4% in the past year.
- Total MPC debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the MPC balance sheet.
Do analysts think it's a good time to buy Marathon Petroleum stock
Out of 9 Equities analysts who track MPC, the consensus analyst rating on MPC is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent MPC Analyst Recommendations
John Royall, a top 15% analyst from JP Morgan maintains MPC with a hold rating and raises their MPC price target from $172.00 to $186.00, on Apr 1, 2024.
Neil Mehta, a top 5% analyst from Goldman Sachs maintains MPC with a strong buy rating and raises their MPC price target from $175.00 to $211.00, on Mar 22, 2024.
Doug Leggate, a top 9% analyst from Bank of America maintains MPC with a hold rating and raises their MPC price target from $185.00 to $230.00, on Mar 15, 2024.
Justin Jenkins, a top 1% analyst from Raymond James maintains MPC with a strong buy rating and raises their MPC price target from $175.00 to $185.00, on Jan 31, 2024.
You can dig deeper into what analysts are forecasting on the Marathon Petroleum stock forecast page.
MPC Technical Indicators
How are MPC Revenues/Earnings doing?
Last year, MPC earnings were $9.68B. In the last 5 year, MPC's earnings have increased by 34.66% per year. This was faster than the Oil & Gas Refining & Marketing industry average of 21.61%.
Last year, MPC revenue was $150.31B. In the past five year, MPC's revenue has grown by 11.66% per year. This was faster than the Oil & Gas Refining & Marketing industry average of 7.34%.
You can analyze MPC's earnings and revenue performance here.
Are MPC insiders buying or selling the stock?
In the last 12 months, insiders at MPC have sold more shares than they have bought.
Molly R. Benson, Chief Legal Ofc Corp Sec of MPC, was the latest MPC insider to sell. They sold $97,190.40 worth of MPC shares on Apr 1, 2024.
Research more about who owns MPC stock here.
Can I rely on MPC as an income stream?
Marathon Petroleum pays a dividend of 1.58%, compared to the Oil & Gas Refining & Marketing industry's average dividend yield of 6.35%. If you owned $1,000 worth of MPC stock, you would have received $15.82 in the past year.
Marathon Petroleum dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Marathon Petroleum dividend yield and history here.
What others are saying about MPC
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Step 5: Make your MPC trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, use a limit order.
Press the Open button and your broker will execute the order.
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Step 6: Get updates on your MPC position
Now that you own some shares in MPC, you'll want to keep up with your new investment.
Add MPC to a watchlist to get alerted to the latest events about your MPC stock.
MPC Feed
How to Buy Stock in Marathon Petroleum
To reiterate, here are the 6 steps you need to take to buy Marathon Petroleum stock right now:
- Decide where to buy Marathon Petroleum stock
- Sign up for a brokerage account
- Deposit money your investment account
- Analyze Marathon Petroleum stock
- Make your MPC trade
- Get updates on your MPC position
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