Marathon Petroleum Corporation (NYSE:MPC – Get Free Report) VP Erin Brzezinski sold 570 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the transaction, the vice president directly owned 1,576 shares in the company, valued at $571,757.04. This trade represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Marathon Petroleum Price Performance
Shares of Marathon Petroleum stock opened at $387.12 on Thursday. The business has a 50 day moving average of $316.89 and a 200 day moving average of $264.35. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $391.98. The company has a market cap of $113.02 billion, a PE ratio of 13.31, a P/E/G ratio of 0.25 and a beta of 0.53. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.
Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the previous year, the firm earned $3.96 EPS. The company’s quarterly revenue was up 53.5% compared to the same quarter last year. As a group, equities research analysts forecast that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.
Marathon Petroleum Announces Dividend
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPC. Range Advisory LLC purchased a new stake in shares of Marathon Petroleum in the second quarter worth $413,000. Corient Private Wealth LP raised its position in shares of Marathon Petroleum by 8.0% in the 2nd quarter. Corient Private Wealth LP now owns 134,037 shares of the oil and gas company’s stock worth $34,269,000 after purchasing an additional 9,919 shares during the last quarter. Optimize Financial Inc. bought a new position in Marathon Petroleum in the 2nd quarter worth about $209,000. Amundi boosted its stake in Marathon Petroleum by 17.5% in the 2nd quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock worth $572,172,000 after purchasing an additional 332,551 shares in the last quarter. Finally, Kirkwood Financial Services purchased a new stake in Marathon Petroleum during the 2nd quarter valued at about $256,000. Institutional investors own 76.77% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on MPC. Wall Street Zen raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Jefferies Financial Group set a $335.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a research note on Sunday, July 12th. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Citigroup boosted their target price on shares of Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Piper Sandler upped their target price on shares of Marathon Petroleum from $343.00 to $344.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $315.06.
Read Our Latest Research Report on MPC
Marathon Petroleum News Roundup
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: Refining peers’ results and analyst optimism boosted the sector. MPC gained as strong earnings from other refiners reinforced expectations for healthy fuel demand and profitability. Analysts also remain broadly constructive on the refining outlook, helping support investor sentiment. Why Marathon Petroleum Is Up After Refining Peers’ Earnings Strength and Analyst Optimism
- Positive Sentiment: A potential global fuel squeeze could benefit refiners. Goldman Sachs sees a major shift in oil markets, with tightening fuel supplies potentially creating another refining windfall. Geopolitical risks and disruptions near key shipping routes could further support product prices and refining margins, although these benefits may be cyclical. Goldman Sachs Sees Major Shift Coming for Oil Markets
- Positive Sentiment: Marathon’s latest financial performance remains a fundamental support. The company’s most recent quarter produced earnings per share of $17.73, well above the $14.27 consensus estimate, while revenue increased 53.5% year over year. MPC also maintains a quarterly dividend of $1.00 per share, with a reported payout ratio of 13.75%.
- Neutral Sentiment: Long-term returns highlight MPC’s investment appeal but are not a new operating catalyst. A review of a hypothetical investment made a decade ago emphasizes the potential rewards of holding successful energy stocks over long periods. If You Invested $1000 in Marathon Petroleum a Decade Ago
- Negative Sentiment: Several insiders sold shares near record levels. SVP Shawn Lyon sold 1,425 shares in two transactions for approximately $532,000, while VP and Controller Erin Brzezinski sold 570 shares for about $207,000. The sales reduced their holdings by 8.2% and 26.6%, respectively. The transactions may reflect personal financial decisions, but the cluster of selling could temper enthusiasm. MPC Insider Selling Reports
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.
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