Marathon Petroleum (NYSE:MPC) Insider Ricky Hessling Sells 1,626 Shares

Marathon Petroleum Corporation (NYSE:MPC) insider Ricky Hessling sold 1,626 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the transaction, the insider owned 7,525 shares in the company, valued at $1,717,054.50. The trade was a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Marathon Petroleum Stock Up 1.9%

Shares of NYSE MPC opened at $233.18 on Wednesday. The company has a market capitalization of $68.73 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.37 and a beta of 0.69. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The company has a 50 day simple moving average of $195.46 and a 200-day simple moving average of $189.05. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $236.10.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The firm had revenue of $32.57 billion for the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, equities research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is 29.96%.

Hedge Funds Weigh In On Marathon Petroleum

Institutional investors have recently bought and sold shares of the company. Delos Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum during the second quarter worth about $25,000. Navalign LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth approximately $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marathon Petroleum during the 3rd quarter worth approximately $39,000. Finally, IAG Wealth Partners LLC acquired a new stake in Marathon Petroleum during the 3rd quarter worth approximately $39,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPC has been the topic of several research analyst reports. Raymond James Financial boosted their price objective on shares of Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Citigroup increased their target price on shares of Marathon Petroleum from $182.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. TD Cowen boosted their price target on shares of Marathon Petroleum from $183.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Piper Sandler decreased their price objective on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Scotiabank reiterated an “outperform” rating and issued a $174.00 target price on shares of Marathon Petroleum in a report on Friday, January 16th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.44.

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.