Insider Selling: Marathon Petroleum (NYSE:MPC) SVP Sells $156,616.75 in Stock

Marathon Petroleum Corporation (NYSE:MPC) SVP Shawn Lyon sold 425 shares of Marathon Petroleum stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $368.51, for a total value of $156,616.75. Following the completion of the transaction, the senior vice president owned 12,194 shares of the company’s stock, valued at approximately $4,493,610.94. The trade was a 3.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $387.66 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $113.17 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.25 and a beta of 0.53. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $398.52. The business has a 50 day simple moving average of $319.58 and a 200-day simple moving average of $265.65.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping 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 firm had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter in the previous year, the company posted $3.96 earnings per share. The firm’s revenue was up 53.5% on a year-over-year basis. As a group, equities research analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Marathon Petroleum’s payout ratio is 13.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in shares of Marathon Petroleum by 36,834.6% during the second quarter. California State Teachers Retirement System now owns 128,810,637 shares of the oil and gas company’s stock worth $32,933,016,000 after buying an additional 128,461,884 shares during the period. BlackRock Inc. bought a new stake in Marathon Petroleum during the 2nd quarter valued at $6,648,958,000. State Street Corp raised its stake in Marathon Petroleum by 0.3% during the 4th quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock valued at $2,916,660,000 after acquiring an additional 47,896 shares in the last quarter. Boston Partners boosted its position in Marathon Petroleum by 2.3% during the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock worth $1,214,522,000 after acquiring an additional 141,691 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Marathon Petroleum in the second quarter worth $1,029,611,000. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the topic of a number of recent research reports. Morgan Stanley raised their target price on shares of Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Mizuho increased their price target on Marathon Petroleum from $284.00 to $304.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. TD Cowen raised their price target on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Piper Sandler upped their price objective on Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a research note on Thursday. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $322.44.

About Marathon Petroleum

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.