Investors Sell Marathon Petroleum (MPC) on Strength (MPC)

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Investors sold shares of Marathon Petroleum Corp (NYSE:MPC) on strength during trading on Wednesday. $61.81 million flowed into the stock on the tick-up and $116.64 million flowed out of the stock on the tick-down, for a money net flow of $54.83 million out of the stock. Of all companies tracked, Marathon Petroleum had the 0th highest net out-flow for the day. Marathon Petroleum traded up $0.16 for the day and closed at $62.19

A number of research firms recently commented on MPC. Cowen lowered their price objective on shares of Marathon Petroleum from $111.00 to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 28th. Standpoint Research assumed coverage on shares of Marathon Petroleum in a report on Wednesday, December 26th. They set an “accumulate” rating for the company. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Citigroup reduced their target price on shares of Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Petroleum in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $92.85.

The firm has a market capitalization of $41.78 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.68 and a beta of 1.38. The company has a current ratio of 1.36, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.43. Marathon Petroleum had a net margin of 2.86% and a return on equity of 14.14%. The firm had revenue of $32.54 billion during the quarter, compared to analyst estimates of $34.16 billion. During the same quarter last year, the business posted $1.05 EPS. The company’s revenue was up 53.2% on a year-over-year basis. As a group, sell-side analysts forecast that Marathon Petroleum Corp will post 6.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 20th were paid a $0.53 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.46. The ex-dividend date was Tuesday, February 19th. This represents a $2.12 dividend on an annualized basis and a yield of 3.46%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 31.27%.

In related news, CEO Gary R. Heminger sold 187,142 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $65.00, for a total value of $12,164,230.00. Following the completion of the transaction, the chief executive officer now owns 434,166 shares of the company’s stock, valued at approximately $28,220,790. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MPC. ING Groep NV purchased a new stake in Marathon Petroleum in the 3rd quarter worth approximately $385,000. MML Investors Services LLC boosted its position in Marathon Petroleum by 43.5% in the third quarter. MML Investors Services LLC now owns 23,929 shares of the oil and gas company’s stock valued at $1,914,000 after buying an additional 7,258 shares in the last quarter. AXA boosted its position in Marathon Petroleum by 82.8% in the third quarter. AXA now owns 103,973 shares of the oil and gas company’s stock valued at $8,314,000 after buying an additional 47,084 shares in the last quarter. Janus Henderson Group PLC boosted its position in Marathon Petroleum by 7.9% in the third quarter. Janus Henderson Group PLC now owns 2,097,062 shares of the oil and gas company’s stock valued at $167,762,000 after buying an additional 153,893 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Marathon Petroleum by 16.0% in the third quarter. Bank of New York Mellon Corp now owns 8,709,970 shares of the oil and gas company’s stock valued at $696,535,000 after buying an additional 1,203,638 shares in the last quarter. 77.87% of the stock is owned by hedge funds and other institutional investors.

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Marathon Petroleum Company Profile (NYSE:MPC)

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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