Investors bought shares of Marathon Petroleum Corporation (NYSE:MPC) on weakness during trading on Monday after an insider sold shares in the company. $41.19 million flowed into the stock on the tick-up and $20.14 million flowed out of the stock on the tick-down, for a money net flow of $21.05 million into the stock. Of all equities tracked, Marathon Petroleum Corporation had the 16th highest net in-flow for the day. Marathon Petroleum Corporation traded down ($0.33) for the day and closed at $61.94Specifically, insider Anthony R. Kenney sold 77,578 shares of Marathon Petroleum Corporation stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $62.35, for a total value of $4,836,988.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The disclosure for this sale can be found here. Insiders sold a total of 102,028 shares of company stock worth $6,253,447 in the last 90 days. 1.05% of the stock is owned by corporate insiders.
A number of research firms recently issued reports on MPC. UBS AG cut Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $63.00 to $65.00 in a report on Wednesday, November 15th. Cowen and Company reaffirmed a “buy” rating on shares of Marathon Petroleum Corporation in a report on Tuesday, November 14th. Barclays PLC lifted their price target on Marathon Petroleum Corporation from $63.00 to $76.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Zacks Investment Research raised Marathon Petroleum Corporation from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Friday, November 10th. Finally, Citigroup Inc. lifted their price target on Marathon Petroleum Corporation from $67.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Marathon Petroleum Corporation has an average rating of “Buy” and an average target price of $65.07.
The company has a market cap of $30,250.00, a PE ratio of 18.93, a PEG ratio of 1.54 and a beta of 1.60. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.58%. Marathon Petroleum Corporation’s payout ratio is currently 50.00%.
Institutional investors have recently bought and sold shares of the company. Blue Chip Partners Inc. acquired a new position in shares of Marathon Petroleum Corporation during the 2nd quarter worth about $100,000. Lee Financial Co grew its position in shares of Marathon Petroleum Corporation by 2.4% during the 2nd quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock worth $107,000 after buying an additional 48 shares during the period. First Interstate Bank grew its position in shares of Marathon Petroleum Corporation by 81.1% in the 2nd quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 1,064 shares during the period. Crow Point Partners LLC acquired a new position in shares of Marathon Petroleum Corporation in the 3rd quarter valued at approximately $128,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum Corporation in the 3rd quarter valued at approximately $135,000. Institutional investors own 81.81% of the company’s stock.
Marathon Petroleum Corporation Company Profile
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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