Marathon Petroleum Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors show a divided sentiment on Marathon Petroleum (NYSE:MPC), with unusual options activity indicating both bullish and bearish positions. The activity involves 15 extraordinary options with a price window from $130.0 to $230.0. Notable trades include both calls and puts with varying sentiments and strike prices. Marathon Petroleum, an independent refiner, has seen its stock price slightly decrease by -0.56%, with a current price of $207.59. Analyst ratings are mixed, with a consensus target price of $205.4. The next earnings report is expected in 15 days.
April 15, 2024 | 6:16 pm
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NEUTRAL IMPACT
Marathon Petroleum's unusual options activity, mixed analyst ratings, and a slight stock price decrease suggest a cautious outlook. The next earnings report could be a significant catalyst.
The unusual options activity, with a nearly balanced sentiment among investors, indicates uncertainty about MPC's short-term direction. The slight stock price decrease and the upcoming earnings report add to this cautious outlook. Analyst ratings provide a mixed but somewhat positive view, suggesting that while there may be potential for growth, investors should remain wary of volatility in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100