Marathon Petroleum (NYSE:MPC) VP Sells 570 Shares of Stock

Marathon Petroleum Corporation (NYSE:MPC) VP Erin Brzezinski sold 570 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the sale, the vice president owned 1,576 shares of the company’s stock, valued at $571,757.04. This trade represents a 26.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded up $5.65 during mid-day trading on Monday, reaching $374.48. The company had a trading volume of 3,625,246 shares, compared to its average volume of 2,451,391. The company has a 50-day moving average price of $308.87 and a two-hundred day moving average price of $260.60. The stock has a market cap of $109.32 billion, a PE ratio of 12.87, a P/E/G ratio of 0.24 and a beta of 0.52. 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 Corporation has a 1-year low of $161.93 and a 1-year high of $376.56.

Marathon Petroleum (NYSE:MPC) last released its quarterly 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 business 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 last 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 company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MPC. The Goldman Sachs Group raised their price objective on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. UBS Group reaffirmed a “buy” rating and issued a $321.00 target price on shares of Marathon Petroleum in a research report on Friday, July 10th. Piper Sandler upped their price target on Marathon Petroleum from $343.00 to $344.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Raymond James Financial increased their price objective on Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, Morgan Stanley lifted their target price on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $312.50.

Institutional Trading of Marathon Petroleum

Institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in Marathon Petroleum by 3.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock worth $329,000 after purchasing an additional 40 shares in the last quarter. Equitable Trust Co. grew its holdings in shares of Marathon Petroleum by 1.6% in the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock valued at $644,000 after acquiring an additional 42 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of Marathon Petroleum by 0.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock valued at $2,411,000 after acquiring an additional 42 shares during the last quarter. High Net Worth Advisory Group LLC lifted its holdings in Marathon Petroleum by 2.6% during the second quarter. High Net Worth Advisory Group LLC now owns 1,636 shares of the oil and gas company’s stock worth $418,000 after acquiring an additional 42 shares during the period. Finally, Wellington Grp LLC boosted its position in Marathon Petroleum by 9.6% in the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company’s stock worth $126,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

About Marathon Petroleum

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.