Investors Sell Shares of Marathon Petroleum Corp. (MPC) on Strength (MPC)
Traders sold shares of Marathon Petroleum Corp. (NYSE:MPC) on strength during trading on Tuesday. $16.20 million flowed into the stock on the tick-up and $48.38 million flowed out of the stock on the tick-down, for a money net flow of $32.18 million out of the stock. Of all stocks tracked, Marathon Petroleum Corp. had the 0th highest net out-flow for the day. Marathon Petroleum Corp. traded up $0.39 for the day and closed at $42.68
A number of research analysts have commented on MPC shares. Zacks Investment Research downgraded Marathon Petroleum Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 3rd. Citigroup Inc. reaffirmed a “buy” rating on shares of Marathon Petroleum Corp. in a report on Wednesday, May 18th. JPMorgan Chase & Co. reduced their target price on Marathon Petroleum Corp. from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, June 10th. Goldman Sachs Group Inc. reaffirmed a “top pick” rating on shares of Marathon Petroleum Corp. in a report on Thursday, June 30th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Marathon Petroleum Corp. in a report on Saturday, July 9th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $52.54.
The stock’s 50-day moving average is $39.98 and its 200 day moving average is $37.37. The stock has a market cap of $22.57 billion and a P/E ratio of 11.78.
Marathon Petroleum Corp. (NYSE:MPC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.10. The firm had revenue of $16.81 billion for the quarter, compared to the consensus estimate of $16.30 billion. The company’s revenue was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 earnings per share. On average, equities analysts predict that Marathon Petroleum Corp. will post $2.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th will be paid a $0.36 dividend. This is a boost from Marathon Petroleum Corp.’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, August 15th. This represents a $1.44 annualized dividend and a dividend yield of 3.37%.
An institutional investor recently raised its position in Marathon Petroleum Corp. stock. US Bancorp DE increased its stake in shares of Marathon Petroleum Corp. (NYSE:MPC) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,094 shares of the company’s stock after buying an additional 44,334 shares during the period. US Bancorp DE owned approximately 0.09% of Marathon Petroleum Corp. worth $25,199,000 as of its most recent filing with the SEC.
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
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