Key Points
- Marathon Petroleum SVP Shawn Lyon sold 1,000 shares at an average price of $375.75, generating $375,750 and reducing his ownership by 8.2%.
- MPC reported a strong quarter, with EPS of $17.73 surpassing the $14.27 consensus estimate and revenue rising 53.5% year over year to $51.99 billion.
- The company announced a quarterly dividend of $1.00 per share, while analysts maintain a “Moderate Buy” consensus; however, the average price target remains below the stock’s current trading level.
Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) SVP Shawn Lyon sold 425 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $368.51, for a total transaction of $156,616.75. Following the completion of the sale, the senior vice president owned 12,194 shares of the company's stock, valued at approximately $4,493,610.94. This represents a 3.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Marathon Petroleum Price Performance
Marathon Petroleum stock opened at $382.08 on Wednesday. The company's 50 day moving average price is $314.07 and its two-hundred day moving average price is $263.02. The stock has a market cap of $111.54 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.24 and a beta of 0.53. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $383.01. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.
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 for the quarter, topping the consensus estimate of $14.27 by $3.46. The business had revenue of $51.99 billion for the quarter, compared to analysts' expectations 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 was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.96 earnings per share. On average, equities analysts predict that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.
Marathon Petroleum Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 13.75%.
Key Stories Impacting Marathon Petroleum
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: Geopolitical tensions are boosting the energy complex. Reports of U.S.-Iran attacks near the Strait of Hormuz pushed oil prices higher, lifting energy stocks and potentially supporting refinery margins. A separate market outlook also points to a global fuel squeeze that could create another period of elevated refining profitability. Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher Goldman Sachs Sees Major Shift Coming for Oil Markets
- Positive Sentiment: Recent operating results remain a key support. Marathon Petroleum’s latest reported quarter significantly exceeded analyst expectations, with EPS of $17.73 versus a $14.27 estimate and revenue growth of 53.5% year over year. Its low payout ratio and recently announced $1.00 quarterly dividend also provide shareholder support.
- Neutral Sentiment: Analyst sentiment is favorable, but targets appear conservative. MPC has a “Moderate Buy” consensus rating, while the reported average price target of $312.50 is below the current trading range. Institutional ownership remains high at approximately 76.8%, with several investors recently building positions.
- Negative Sentiment: Multiple insiders have sold shares. Senior Vice President Shawn M. Lyon sold 1,425 shares in two transactions for roughly $532,000, while Vice President and Controller Erin M. Brzezinski sold 570 shares for about $207,000. The sales reduced their respective holdings by 8.2% and 26.6%. Although these transactions may reflect personal financial decisions, the cluster of selling near record levels could temper investor enthusiasm. MPC insider transaction filing
Analyst Upgrades and Downgrades
A number of research firms have issued reports on MPC. Bank of America boosted their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. BMO Capital Markets restated an "outperform" rating on shares of Marathon Petroleum in a report on Friday, June 12th. TD Cowen lifted their price target on shares of Marathon Petroleum from $357.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Morgan Stanley increased their target price on Marathon Petroleum from $233.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, June 12th. Finally, Citigroup upped their price target on Marathon Petroleum from $303.00 to $318.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus price target of $315.06.
Read Our Latest Research Report on Marathon Petroleum
Institutional Trading of Marathon Petroleum
Several institutional investors have recently added to or reduced their stakes in the company. Solstein Capital LLC purchased a new stake in Marathon Petroleum in the 2nd quarter valued at about $26,000. Caitlin John LLC purchased a new stake in Marathon Petroleum during the second quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Marathon Petroleum in the 2nd quarter worth $27,000. Navalign LLC acquired a new position in Marathon Petroleum during the 4th quarter valued at about $30,000. Finally, Berbice Capital Management LLC raised its stake in Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company's stock valued at $33,000 after buying an additional 100 shares during the last quarter. Institutional investors own 76.77% of the company's stock.
Marathon Petroleum Company Profile
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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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