Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) SVP Shawn Lyon sold 2,500 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president directly owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Marathon Petroleum Stock Up 1.2%
Shares of NYSE MPC opened at $359.78 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a market cap of $105.03 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.23 and a beta of 0.52. Marathon Petroleum Corporation has a 12 month low of $160.87 and a 12 month high of $363.34. The stock has a 50-day moving average price of $289.19 and a two-hundred day moving average price of $249.51.
Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts' consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm had revenue of $51.99 billion during the quarter, compared to analysts' expectations of $40.87 billion. During the same quarter in the prior year, the business earned $3.96 earnings per share. The business's revenue for the quarter was up 53.5% compared to the same quarter last year. As a group, analysts forecast that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.
Marathon Petroleum Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Marathon Petroleum's dividend payout ratio (DPR) is 13.75%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MPC. Morgan Stanley upped their target price on Marathon Petroleum from $233.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, June 12th. The Goldman Sachs Group lifted their price target on Marathon Petroleum from $291.00 to $376.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. BMO Capital Markets restated an "outperform" rating on shares of Marathon Petroleum in a report on Friday, June 12th. Evercore set a $330.00 price objective on Marathon Petroleum in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Marathon Petroleum from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 10th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $312.50.
Read Our Latest Analysis on Marathon Petroleum
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Solstein Capital LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $26,000. Caitlin John LLC acquired a new stake in Marathon Petroleum during the second quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new stake in Marathon Petroleum in the second quarter worth approximately $27,000. Navalign LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at approximately $31,000. 76.77% of the stock is owned by institutional investors.
About Marathon Petroleum
(
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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