Traders sold shares of Marathon Petroleum Corporation (NYSE:MPC) on strength during trading hours on Tuesday. $44.52 million flowed into the stock on the tick-up and $74.13 million flowed out of the stock on the tick-down, for a money net flow of $29.61 million out of the stock. Of all stocks tracked, Marathon Petroleum Corporation had the 0th highest net out-flow for the day. Marathon Petroleum Corporation traded up $0.67 for the day and closed at $62.87

A number of equities analysts have recently weighed in on the company. Cowen and Company reiterated a “buy” rating on shares of Marathon Petroleum Corporation in a report on Tuesday. Barclays PLC increased their price target on Marathon Petroleum Corporation from $63.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday. Zacks Investment Research upgraded Marathon Petroleum Corporation from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Friday, November 10th. Citigroup Inc. increased their price target on Marathon Petroleum Corporation from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Edward Jones upgraded Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $64.93.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52. The stock has a market capitalization of $30,379.24, a PE ratio of 18.91, a PEG ratio of 1.58 and a beta of 1.59.

Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.29. The company had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. Marathon Petroleum Corporation had a return on equity of 8.52% and a net margin of 2.35%. Marathon Petroleum Corporation’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. equities research analysts expect that Marathon Petroleum Corporation will post 3.59 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Wednesday, November 15th. Marathon Petroleum Corporation’s dividend payout ratio is currently 49.08%.

In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.02, for a total value of $607,079.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anthony R. Kenney sold 77,578 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The disclosure for this sale can be found here. 1.05% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp raised its position in Marathon Petroleum Corporation by 341.7% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 53,000 shares of the oil and gas company’s stock valued at $2,773,000 after purchasing an additional 41,000 shares in the last quarter. Wilen Investment Management CORP. raised its position in shares of Marathon Petroleum Corporation 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 in the last quarter. Commonwealth Bank of Australia raised its position in shares of Marathon Petroleum Corporation 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 in the last quarter. Fox Run Management L.L.C. raised its position in shares of Marathon Petroleum Corporation by 143.6% during the 2nd quarter. Fox Run Management L.L.C. now owns 26,800 shares of the oil and gas company’s stock worth $1,402,000 after acquiring an additional 15,800 shares in the last quarter. Finally, Heritage Way Advisors LLC raised its position in shares of Marathon Petroleum Corporation by 2.4% during the 2nd quarter. Heritage Way Advisors LLC now owns 36,975 shares of the oil and gas company’s stock worth $1,935,000 after acquiring an additional 850 shares in the last quarter. 81.02% of the stock is currently owned by institutional investors.

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Marathon Petroleum Corporation 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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