Marathon Petroleum Co. (NYSE:MPC - Get Free Report) insider Ricky D. Hessling purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Marathon Petroleum Trading Up 3.1 %
MPC traded up $4.21 during midday trading on Friday, hitting $141.23. The company's stock had a trading volume of 1,708,270 shares, compared to its average volume of 2,501,421. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a market cap of $44.15 billion, a P/E ratio of 14.22, a PEG ratio of 3.11 and a beta of 1.39. The firm has a 50-day moving average price of $148.36 and a two-hundred day moving average price of $153.17. Marathon Petroleum Co. has a 52-week low of $130.54 and a 52-week high of $221.11.
Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.98 EPS. On average, research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.
Marathon Petroleum Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.
Wall Street Analysts Forecast Growth
MPC has been the subject of a number of recent analyst reports. TD Cowen reissued a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Piper Sandler cut 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, March 7th. Raymond James lifted their price target on Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company lifted their price target on Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and an average target price of $182.13.
Read Our Latest Research Report on Marathon Petroleum
Institutional Trading of Marathon Petroleum
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd lifted its stake in shares of Marathon Petroleum by 44.8% in the 3rd quarter. Covestor Ltd now owns 294 shares of the oil and gas company's stock valued at $48,000 after purchasing an additional 91 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $87,000. GSA Capital Partners LLP acquired a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $1,820,000. Platform Technology Partners acquired a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $226,000. Finally, Savvy Advisors Inc. acquired a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $225,000. Hedge funds and other institutional investors own 76.77% of the company's stock.
About Marathon Petroleum
(
Get Free Report)
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.
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