Investors Sell Shares of Marathon Petroleum (MPC) on Strength (MPC)

Investors sold shares of Marathon Petroleum Corp (NYSE:MPC) on strength during trading hours on Friday. $32.66 million flowed into the stock on the tick-up and $50.89 million flowed out of the stock on the tick-down, for a money net flow of $18.23 million out of the stock. Of all companies tracked, Marathon Petroleum had the 0th highest net out-flow for the day. Marathon Petroleum traded up $0.18 for the day and closed at $80.93

MPC has been the topic of a number of research analyst reports. Wells Fargo & Co restated a “market perform” rating and issued a $80.00 target price (up from $73.00) on shares of Marathon Petroleum in a research note on Tuesday, May 1st. Zacks Investment Research downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Royal Bank of Canada downgraded shares of Marathon Petroleum from a “top pick” rating to an “outperform” rating in a research note on Wednesday, May 2nd. Jefferies Financial Group upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and increased their price objective for the company from $75.00 to $95.00 in a research note on Thursday, May 3rd. Finally, Bank of America upgraded shares of Marathon Petroleum from a “neutral” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Thursday, May 10th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $85.00.

The firm has a market capitalization of $36.42 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.92.



Marathon Petroleum (NYSE:MPC) last issued its earnings results on Thursday, July 26th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.29. Marathon Petroleum had a net margin of 4.89% and a return on equity of 12.83%. The firm had revenue of $22.45 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter last year, the company posted $0.93 earnings per share. The firm’s revenue was up 22.3% compared to the same quarter last year. analysts predict that Marathon Petroleum Corp will post 5.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Thursday, August 16th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.27%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 48.42%.

In related news, insider Thomas M. Kelley sold 24,818 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $79.47, for a total transaction of $1,972,286.46. Following the sale, the insider now owns 51,869 shares in the company, valued at $4,122,029.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.09% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Preferred LLC purchased a new position in Marathon Petroleum during the 1st quarter worth $101,000. Bruderman Asset Management LLC acquired a new stake in Marathon Petroleum in the 1st quarter valued at about $102,000. Bedel Financial Consulting Inc. acquired a new stake in Marathon Petroleum in the 1st quarter valued at about $106,000. Legacy Financial Advisors Inc. acquired a new stake in Marathon Petroleum in the 2nd quarter valued at about $113,000. Finally, Northwest Wealth Management LLC acquired a new stake in Marathon Petroleum in the 2nd quarter valued at about $116,000. Institutional investors and hedge funds own 79.57% of the company’s stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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