Evan Bayh Purchases 1,000 Shares of Marathon Petroleum Co. (NYSE:MPC) Stock

Marathon Petroleum Co. (NYSE:MPC - Get Free Report) Director Evan Bayh bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Marathon Petroleum Trading Down 0.1 %

Shares of NYSE:MPC traded down $0.14 during trading on Monday, hitting $137.41. The company had a trading volume of 1,021,198 shares, compared to its average volume of 2,509,470. The stock has a market cap of $42.95 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a fifty day simple moving average of $148.61 and a two-hundred day simple moving average of $154.16. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. Marathon Petroleum's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.98 earnings per share. As a group, equities analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

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Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.65%. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds and other institutional investors have recently modified their holdings of MPC. Gladius Capital Management LP purchased a new stake in Marathon Petroleum in the third quarter worth $26,000. Fourth Dimension Wealth LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $27,000. MeadowBrook Investment Advisors LLC grew its holdings in Marathon Petroleum by 88.9% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Finally, True Wealth Design LLC increased its position in Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 148 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Mizuho lowered their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Raymond James raised their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a report on Friday, January 17th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Finally, Piper Sandler dropped their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.00.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.