Marathon Petroleum Corp (NYSE:MPC) Director James E. Rohr bought 12,500 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was bought at an average cost of $48.14 per share, for a total transaction of $601,750.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Shares of MPC opened at $46.97 on Thursday. The stock has a market cap of $31.65 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 1.14 and a beta of 1.52. Marathon Petroleum Corp has a 1 year low of $45.47 and a 1 year high of $88.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.55 and a current ratio of 1.20.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.10). The business had revenue of $28.62 billion for the quarter, compared to analyst estimates of $27.70 billion. Marathon Petroleum had a return on equity of 11.10% and a net margin of 2.56%. The firm’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. As a group, analysts predict that Marathon Petroleum Corp will post 4.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were given a dividend of $0.53 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.12 annualized dividend and a dividend yield of 4.51%. Marathon Petroleum’s dividend payout ratio is presently 31.27%.
A number of research analysts have commented on the stock. ValuEngine raised shares of Marathon Petroleum from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 22nd. Zacks Investment Research cut shares of Marathon Petroleum from a “hold” rating to a “strong sell” rating in a research report on Friday, May 17th. Morgan Stanley decreased their target price on shares of Marathon Petroleum from $82.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, May 17th. Credit Suisse Group decreased their target price on shares of Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Finally, Cowen cut shares of Marathon Petroleum from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $90.00 to $65.00 in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $85.68.
A number of large investors have recently modified their holdings of MPC. Vanguard Group Inc raised its holdings in Marathon Petroleum by 0.7% in the third quarter. Vanguard Group Inc now owns 35,373,004 shares of the oil and gas company’s stock valued at $2,828,779,000 after acquiring an additional 255,599 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in Marathon Petroleum in the fourth quarter valued at approximately $28,588,000. Advisors Asset Management Inc. increased its stake in Marathon Petroleum by 17.7% in the fourth quarter. Advisors Asset Management Inc. now owns 102,685 shares of the oil and gas company’s stock valued at $6,059,000 after purchasing an additional 15,466 shares during the last quarter. BB&T Securities LLC increased its stake in Marathon Petroleum by 3.9% in the fourth quarter. BB&T Securities LLC now owns 48,242 shares of the oil and gas company’s stock valued at $2,845,000 after purchasing an additional 1,818 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its stake in Marathon Petroleum by 48.7% in the fourth quarter. ClariVest Asset Management LLC now owns 3,940 shares of the oil and gas company’s stock valued at $233,000 after purchasing an additional 1,290 shares during the last quarter. 77.57% of the stock is currently owned by hedge funds and other institutional investors.
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About Marathon Petroleum
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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