Traders purchased shares of Marathon Petroleum Corp (NYSE:MPC) on weakness during trading hours on Wednesday. $120.22 million flowed into the stock on the tick-up and $57.54 million flowed out of the stock on the tick-down, for a money net flow of $62.68 million into the stock. Of all companies tracked, Marathon Petroleum had the 17th highest net in-flow for the day. Marathon Petroleum traded down ($0.60) for the day and closed at $65.09

MPC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Monday, October 16th. Cowen reiterated a “buy” rating and issued a $60.00 price target on shares of Marathon Petroleum in a research report on Tuesday, October 17th. Citigroup lifted their price target on shares of Marathon Petroleum from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Barclays lifted their price target on shares of Marathon Petroleum from $63.00 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Finally, UBS Group cut shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $65.00 in a research note on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $74.08.

The firm has a market capitalization of $31,925.34, a P/E ratio of 16.80, a PEG ratio of 0.90 and a beta of 1.49. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $17.27 billion. Marathon Petroleum had a net margin of 4.60% and a return on equity of 10.04%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. sell-side analysts expect that Marathon Petroleum Corp will post 5.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.83%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio (DPR) is 23.12%.

In other Marathon Petroleum news, insider Thomas M. Kelley sold 35,604 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.75, for a total transaction of $2,305,359.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP C. Michael Palmer sold 17,298 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total transaction of $1,116,585.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,276 shares of company stock worth $4,645,189. Insiders own 1.05% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rational Advisors LLC grew its stake in shares of Marathon Petroleum by 55.8% during the fourth quarter. Rational Advisors LLC now owns 28,972 shares of the oil and gas company’s stock worth $1,912,000 after buying an additional 10,372 shares during the last quarter. Carnick & Kubik Group LLC grew its stake in shares of Marathon Petroleum by 13.9% during the fourth quarter. Carnick & Kubik Group LLC now owns 30,276 shares of the oil and gas company’s stock worth $1,998,000 after buying an additional 3,690 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Marathon Petroleum by 53.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,764 shares of the oil and gas company’s stock worth $380,000 after buying an additional 2,010 shares during the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Marathon Petroleum by 85.9% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 126,182 shares of the oil and gas company’s stock worth $8,325,000 after buying an additional 58,308 shares during the last quarter. Finally, Capital Innovations LLC grew its stake in shares of Marathon Petroleum by 8.7% during the fourth quarter. Capital Innovations LLC now owns 11,630 shares of the oil and gas company’s stock worth $767,000 after buying an additional 930 shares during the last quarter. 80.78% of the stock is currently owned by hedge funds and other institutional investors.

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About Marathon Petroleum

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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