Key Points
- Insider sale: Ricky Hessling sold 1,626 shares on March 13 at an average price of $228.18 for $371,020.68, cutting his stake by 17.77% to 7,525 shares (≈$1.72M).
- Earnings beat and outlook: Marathon reported Q EPS of $4.07 vs. $3.73 expected and revenue of $32.57B vs. $30.89B, with analysts holding a consensus "Moderate Buy" and an average price target of $205.44; sell-side estimates project FY EPS of 8.47.
- Dividend: The company paid a $1.00 quarterly dividend (ex-dividend Feb 18), equal to a $4.00 annualized payout and a 1.7% yield with a payout ratio of ~29.96%.
Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) insider Ricky Hessling sold 1,626 shares of Marathon Petroleum stock in a transaction on Friday, March 13th. The shares were sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the transaction, the insider owned 7,525 shares of the company's stock, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Marathon Petroleum Trading Up 1.9%
MPC opened at $233.18 on Wednesday. The business has a fifty day moving average price of $195.46 and a 200 day moving average price of $189.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $236.10. The stock has a market capitalization of $68.73 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.37 and a beta of 0.69.
Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.Marathon Petroleum's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. Sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.
Marathon Petroleum Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.7%. Marathon Petroleum's dividend payout ratio (DPR) is 29.96%.
Institutional Trading of Marathon Petroleum
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Marathon Petroleum by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company's stock worth $6,456,049,000 after purchasing an additional 3,924,713 shares during the period. Norges Bank acquired a new position in Marathon Petroleum in the second quarter valued at $527,197,000. Capital Wealth Planning LLC increased its stake in Marathon Petroleum by 49,392.0% in the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company's stock valued at $245,157,000 after purchasing an additional 1,495,097 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Marathon Petroleum by 3,816.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company's stock valued at $212,517,000 after buying an additional 1,273,386 shares during the last quarter. Finally, Boston Partners boosted its stake in shares of Marathon Petroleum by 13.1% during the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company's stock worth $1,024,395,000 after buying an additional 715,223 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on MPC shares. Scotiabank reissued an "outperform" rating and issued a $174.00 price objective on shares of Marathon Petroleum in a research report on Friday, January 16th. Citigroup lifted their price objective on shares of Marathon Petroleum from $182.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, February 9th. BMO Capital Markets increased their target price on Marathon Petroleum from $225.00 to $230.00 and gave the company an "outperform" rating in a report on Tuesday, March 3rd. Zacks Research cut Marathon Petroleum from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial lifted their price target on Marathon Petroleum from $205.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $205.44.
Read Our Latest Research Report on Marathon Petroleum
Marathon Petroleum Company Profile
(
Get Free Report)
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
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