Marathon Petroleum (NYSE:MPC) VP Sells $1,703,243.52 in Stock

Marathon Petroleum Corporation (NYSE:MPC) VP Michael Henschen II sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Marathon Petroleum Trading Up 1.5%

Shares of NYSE MPC traded up $3.81 during midday trading on Monday, reaching $265.82. The stock had a trading volume of 1,804,566 shares, compared to its average volume of 2,481,919. The firm has a market cap of $77.60 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 0.42 and a beta of 0.52. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $272.46. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The company’s 50 day moving average price is $242.90 and its 200 day moving average price is $210.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.24) EPS. As a group, sell-side analysts expect that Marathon Petroleum Corporation will post 30.05 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. Marathon Petroleum’s payout ratio is currently 26.11%.

Analyst Ratings Changes

Several analysts have recently weighed in on MPC shares. JPMorgan Chase & Co. lifted their price objective on shares of Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Barclays boosted their price target on shares of Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $268.50.

Institutional Trading of Marathon Petroleum

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alberta Investment Management Corp purchased a new position in shares of Marathon Petroleum in the 3rd quarter worth about $2,891,000. Diversified Trust Co. boosted its holdings in shares of Marathon Petroleum by 39.3% in the 4th quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock worth $2,549,000 after buying an additional 4,419 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Marathon Petroleum in the 3rd quarter worth about $1,004,000. USA Financial Formulas purchased a new position in shares of Marathon Petroleum in the 4th quarter worth about $791,000. Finally, KKM Financial LLC boosted its holdings in shares of Marathon Petroleum by 27.6% in the 3rd quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock worth $5,050,000 after buying an additional 5,661 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.