Rodney P. Nichols Sells 6,374 Shares of Marathon Petroleum Corporation (MPC) Stock
Marathon Petroleum Corporation (NYSE:MPC) VP Rodney P. Nichols sold 6,374 shares of Marathon Petroleum stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.93, for a total value of $413,863.82. Following the completion of the transaction, the vice president now directly owns 74,674 shares in the company, valued at $4,848,582.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Marathon Petroleum Corporation (MPC) opened at $64.75 on Wednesday. Marathon Petroleum Corporation has a twelve month low of $46.88 and a twelve month high of $66.38. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. The firm has a market capitalization of $31,620.00, a P/E ratio of 19.98, a PEG ratio of 1.61 and a beta of 1.62.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.29. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The business had revenue of $19.36 billion during the quarter, compared to the consensus estimate of $19.38 billion. During the same period in the previous year, the business earned $0.58 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. sell-side analysts predict that Marathon Petroleum Corporation will post 3.83 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Zeke Capital Advisors LLC boosted its position in Marathon Petroleum by 30.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock worth $499,000 after acquiring an additional 2,069 shares during the period. OMERS ADMINISTRATION Corp boosted its position in Marathon Petroleum by 341.7% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 53,000 shares of the oil and gas company’s stock worth $2,773,000 after acquiring an additional 41,000 shares during the period. Wilen Investment Management CORP. boosted its position in Marathon Petroleum by 31.3% during the 2nd quarter. Wilen Investment Management CORP. now owns 38,148 shares of the oil and gas company’s stock worth $1,984,000 after acquiring an additional 9,100 shares during the period. Vaughan David Investments Inc. IL boosted its position in Marathon Petroleum by 12,827.2% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock worth $9,405,000 after acquiring an additional 602,879 shares during the period. Finally, Commonwealth Bank of Australia boosted its position in Marathon Petroleum by 1.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 174,826 shares of the oil and gas company’s stock worth $9,147,000 after acquiring an additional 3,097 shares during the period. Institutional investors and hedge funds own 80.61% of the company’s stock.
MPC has been the topic of several recent research reports. Scotiabank reissued a “hold” rating and set a $55.00 price target on shares of Marathon Petroleum in a research report on Friday, September 1st. BidaskClub raised Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Jefferies Group reissued a “buy” rating and set a $64.00 price target (down from $65.00) on shares of Marathon Petroleum in a research report on Wednesday, September 6th. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Friday, November 10th. Finally, Wells Fargo & Company lowered Marathon Petroleum from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $65.00 to $56.00 in a research report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.25.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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