Insider Selling: Marathon Petroleum Corporation (MPC) Insider Sells $2,305,359.00 in Stock

Marathon Petroleum Corporation (NYSE:MPC) insider Thomas M. Kelley sold 35,604 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was 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 Securities & Exchange Commission, which is available through the SEC website.

Marathon Petroleum Corporation (NYSE:MPC) opened at $65.66 on Thursday. The firm has a market cap of $32,070.00, a P/E ratio of 20.06, a P/E/G ratio of 1.62 and a beta of 1.62. 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 Corporation has a 52-week low of $46.88 and a 52-week high of $66.38.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.29. The firm had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. equities analysts expect that Marathon Petroleum Corporation will post 3.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, November 15th. Marathon Petroleum’s payout ratio is presently 50.00%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in Marathon Petroleum by 312.4% during the second quarter. Principal Financial Group Inc. now owns 3,947,936 shares of the oil and gas company’s stock valued at $206,595,000 after purchasing an additional 2,990,640 shares during the last quarter. Third Point LLC acquired a new position in Marathon Petroleum during the third quarter valued at approximately $154,220,000. Alliancebernstein L.P. grew its holdings in Marathon Petroleum by 93.3% during the second quarter. Alliancebernstein L.P. now owns 5,331,521 shares of the oil and gas company’s stock valued at $278,998,000 after purchasing an additional 2,572,727 shares during the last quarter. Vanguard Group Inc. grew its holdings in Marathon Petroleum by 4.1% during the second quarter. Vanguard Group Inc. now owns 39,255,717 shares of the oil and gas company’s stock valued at $2,054,251,000 after purchasing an additional 1,544,114 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in Marathon Petroleum by 61.6% during the third quarter. Prudential Financial Inc. now owns 3,987,706 shares of the oil and gas company’s stock valued at $223,630,000 after purchasing an additional 1,520,471 shares during the last quarter. 80.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on MPC. Jefferies Group set a $65.00 price target on shares of Marathon Petroleum and gave the stock a “buy” rating in a research report on Friday, August 25th. Goldman Sachs Group lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price target for the company. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. UBS lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and increased their price target for the stock from $63.00 to $65.00 in a research report on Wednesday, November 15th. Zacks Investment Research raised 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. Finally, BidaskClub raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus price target of $66.25.

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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.

Insider Buying and Selling by Quarter for Marathon Petroleum (NYSE:MPC)

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