On May 18, 2017, WTI (West Texas Intermediate) crude oil July futures closed at $49.66 per barrel.
Gold prices are weaker in the early hours amid improved global sentiment, while silver is stable. Platinum is stable, while palladium struggles to rise.
After losing strength and falling for two consecutive trading days, China’s Shanghai Composite Index is stable on Friday.
Marathon Petroleum’s correlation with WTI stands at 0.34. This value shows that the two have a positive but relatively weak correlation.
Implied volatility in Marathon Petroleum (MPC) currently stands at 24%, lower than its 30-day average implied volatility of 27%.
Short interest as a percentage of outstanding shares in MPC fell from 2.3% in mid-April to 2.1% in mid-May. Usually, this indicates bearishness on a stock.
Marathon Petroleum traded at an average PE (price-to-earnings ratio) of 12.5x from 1Q15 to 1Q17. MPC’s PE ratio rose to 22.9x in 1Q17 from 11.7x in 1Q15 due to a rise in its stock price.
Institutional ownership in Marathon Petroleum (MPC) currently stands at ~83%, a rise compared to ~80% in January 2017.
Marathon Petroleum (MPC) has been rated by 19 Wall Street analysts. Seventeen analysts (or 89%) have rated it as a “buy” so far in May 2017.
MPC’s valuations are above the peer averages likely because it’s now in the process of restructuring its organization to unlock value.
In this article, we’ll compare Marathon Petroleum’s (MPC) beta with its past average and the betas of its peers.
Marathon Petroleum’s (MPC) dividend yield rose from 1.9% in 1Q14 to 3.0% in 1Q17. Let’s take a quick look at why.
In this article, we’ll compare Marathon Petroleum’s (MPC) PEG ratio (price/earnings to growth ratio) with those of its peers.
In 2016, MPC witnessed a roller-coaster ride due to the highly volatile refining crack environment. MPC crossed over its 50-day and 200-day moving averages in the latter half of the year.
Since April 3, 2017, Marathon Petroleum (MPC) has risen 4%, the highest among its peers Tesoro (TSO), Valero Energy (VLO), and Phillips 66 (PSX).
On May 17, 2017, WTI (West Texas Intermediate) crude oil (UCO) (USO) (OIIL) (USL) active futures were trading at a discount of $3.14 per barrel to Brent crude oil (BNO) active futures.
On May 17, 2017, June 2017 crude oil (DBO) (OIIL) (USL) futures contracts were trading at a discount of $1.47 to June 2018 futures contracts.
From May 10 to May 17, 2017, the United States Oil ETF (USO) has risen 3.3%.
US crude oil (DBO) (USL) (OIIL) futures contracts for June 2017 delivery rose 3.7% between May 10 and May 17, 2017.
US commercial crude oil inventories fell ~1.8 MMbbls (million barrels) during the week ended May 12, 2017, to ~520.8 MMbbls.