Traders Sell Shares of Marathon Petroleum (MPC) on Strength (MPC)

Investors sold shares of Marathon Petroleum Corp (NYSE:MPC) on strength during trading hours on Monday. $33.06 million flowed into the stock on the tick-up and $68.32 million flowed out of the stock on the tick-down, for a money net flow of $35.26 million out of the stock. Of all stocks tracked, Marathon Petroleum had the 0th highest net out-flow for the day. Marathon Petroleum traded up $0.03 for the day and closed at $66.36

Several brokerages have recently weighed in on MPC. Goldman Sachs Group downgraded shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. UBS Group downgraded shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and upped their target price for the company from $63.00 to $65.00 in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, October 16th. Cowen restated a “buy” rating on shares of Marathon Petroleum in a research note on Tuesday, November 14th. Finally, Edward Jones raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $66.25.

The company has a market capitalization of $32,650.00, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.29. The company had revenue of $19.36 billion for the quarter, compared to analysts’ expectations of $19.38 billion. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. analysts forecast that Marathon Petroleum Corp will post 3.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Thursday, November 16th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.39%. Marathon Petroleum’s dividend payout ratio is currently 50.00%.

In other news, VP Rodney P. Nichols sold 6,374 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.93, for a total transaction of $413,863.82. Following the completion of the transaction, the vice president now owns 74,674 shares in the company, valued at $4,848,582.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony R. Kenney sold 77,578 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The disclosure for this sale can be found here. Insiders have sold 149,854 shares of company stock valued at $9,482,177 in the last 90 days. Insiders own 1.05% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MPC. Federated Investors Inc. PA grew its position in Marathon Petroleum by 124.0% in the 2nd quarter. Federated Investors Inc. PA now owns 40,064 shares of the oil and gas company’s stock valued at $2,097,000 after buying an additional 22,182 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Marathon Petroleum by 13.0% during the 2nd quarter. Victory Capital Management Inc. now owns 99,490 shares of the oil and gas company’s stock valued at $5,206,000 after purchasing an additional 11,439 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Marathon Petroleum by 27.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 277,789 shares of the oil and gas company’s stock valued at $14,538,000 after purchasing an additional 60,666 shares in the last quarter. Andra AP fonden boosted its position in shares of Marathon Petroleum by 32.5% during the 2nd quarter. Andra AP fonden now owns 66,800 shares of the oil and gas company’s stock valued at $3,496,000 after purchasing an additional 16,400 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Marathon Petroleum by 1.1% during the 2nd quarter. Pacer Advisors Inc. now owns 11,180 shares of the oil and gas company’s stock valued at $585,000 after purchasing an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://weekherald.com/2017/12/27/traders-sell-shares-of-marathon-petroleum-mpc-on-strength-mpc-3.html.

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.

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply