Marathon Petroleum (NYSE:MPC) SVP Shawn Lyon Sells 2,500 Shares of Stock

Marathon Petroleum Corporation (NYSE:MPC) SVP Shawn Lyon sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares in the company, valued at $4,416,650. The trade was a 16.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $359.78 on Tuesday. The firm has a market cap of $105.03 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The business’s 50 day moving average is $289.19 and its 200-day moving average is $249.51. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 1-year low of $160.87 and a 1-year high of $363.34.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The business had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the previous year, the company posted $3.96 EPS. The firm’s quarterly revenue was up 53.5% on a year-over-year basis. Equities research analysts predict that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s payout ratio is presently 13.75%.

Institutional Investors Weigh In On Marathon Petroleum

A number of large investors have recently bought and sold shares of MPC. Solstein Capital LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $26,000. Caitlin John LLC bought a new position in Marathon Petroleum in the second quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new position in Marathon Petroleum during the second quarter valued at approximately $27,000. Navalign LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the fourth quarter worth $31,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on MPC. Citigroup raised their price target on shares of Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their target price on shares of Marathon Petroleum from $344.00 to $359.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. UBS Group reiterated a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a research note on Friday, July 10th. Finally, Bank of America increased their price target on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $312.50.

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.