Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) VP Erin Brzezinski sold 570 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the sale, the vice president owned 1,576 shares of the company's stock, valued at $571,757.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Marathon Petroleum Price Performance
MPC opened at $374.48 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The stock has a market capitalization of $109.33 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.24 and a beta of 0.52. The company's 50 day simple moving average is $311.41 and its 200-day simple moving average is $261.80. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $376.56.
Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The business's revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.96 EPS. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.
Marathon Petroleum Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum's dividend payout ratio (DPR) is 13.75%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Zacks Research cut shares of Marathon Petroleum from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 17th. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $344.00 to $359.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Marathon Petroleum from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, August 5th. Finally, Citigroup lifted their price target on Marathon Petroleum from $303.00 to $318.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $312.50.
Read Our Latest Stock Report on MPC
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Energy Income Partners LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at $4,912,000. Evolve Private Wealth LLC acquired a new stake in Marathon Petroleum in the second quarter valued at $673,000. Pictet Asset Management Holding SA lifted its stake in Marathon Petroleum by 31.0% in the first quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company's stock valued at $52,146,000 after acquiring an additional 50,521 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Marathon Petroleum by 570.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company's stock valued at $41,180,000 after acquiring an additional 143,500 shares during the period. Finally, North Dakota State Investment Board acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $1,714,000. Institutional investors and hedge funds own 76.77% of the company's stock.
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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