Marathon Petroleum (NYSE:MPC) SVP Sells $375,750.00 in Stock

Marathon Petroleum Corporation (NYSE:MPC) SVP Shawn Lyon sold 1,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $375.75, for a total transaction of $375,750.00. Following the completion of the sale, the senior vice president directly owned 11,194 shares of the company’s stock, valued at $4,206,145.50. This represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Marathon Petroleum Stock Up 0.2%

Shares of NYSE:MPC opened at $387.66 on Friday. The stock’s 50-day moving average price is $319.58 and its 200-day moving average price is $265.65. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $398.52. The stock has a market capitalization of $113.17 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.25 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. The company had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.Marathon Petroleum’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.96 EPS. On average, equities analysts anticipate that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MPC. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $359.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group reiterated a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a report on Friday, July 10th. Piper Sandler boosted their price objective on shares of Marathon Petroleum from $344.00 to $462.00 and gave the company an “overweight” rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Evercore set a $330.00 target price on shares of Marathon Petroleum in a research report on Wednesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $322.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Solstein Capital LLC bought a new position in shares of Marathon Petroleum during the second quarter valued at $26,000. Caitlin John LLC bought a new position in Marathon Petroleum in the 2nd quarter worth about $26,000. Bell Investment Advisors Inc purchased a new stake in Marathon Petroleum during the 2nd quarter valued at about $27,000. Cetera Trust Company N.A bought a new stake in Marathon Petroleum during the 2nd quarter valued at about $35,000. Finally, Frazier Financial Advisors LLC bought a new stake in Marathon Petroleum during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Company Profile

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.