Michael Henschen II Sells 6,336 Shares of Marathon Petroleum (NYSE:MPC) Stock

Marathon Petroleum Corporation (NYSE:MPC) VP Michael Henschen II sold 6,336 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Marathon Petroleum Stock Down 3.0%

Shares of MPC stock opened at $258.13 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The stock’s 50 day simple moving average is $243.38 and its 200 day simple moving average is $211.02. The company has a market capitalization of $75.36 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.43 and a beta of 0.52. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $272.46.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping the consensus estimate of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.24) EPS. As a group, research analysts predict that Marathon Petroleum Corporation will post 30.05 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s payout ratio is currently 26.11%.

Key Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum reported first-quarter earnings that beat expectations and recently expanded its share repurchase authorization to $8.6 billion, reinforcing confidence in cash generation and capital returns. Article Title
• Positive Sentiment: Analyst coverage remains constructive, with Marathon Petroleum included on a Zacks Strong Buy growth list and described as a strong value stock, supporting a favorable longer-term outlook. Article Title

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Zacks Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. TD Cowen lifted their price target on Marathon Petroleum to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Mizuho boosted their price objective on Marathon Petroleum from $224.00 to $284.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Scotiabank boosted their price objective on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $268.50.

Institutional Trading of Marathon Petroleum

A number of institutional investors and hedge funds have recently modified their holdings of MPC. Norges Bank bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at approximately $472,312,000. Capital Wealth Planning LLC boosted its stake in Marathon Petroleum by 49,392.0% in the 4th quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock valued at $245,157,000 after buying an additional 1,495,097 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Marathon Petroleum by 3,816.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company’s stock valued at $212,517,000 after buying an additional 1,273,386 shares in the last quarter. GHE LLC boosted its stake in Marathon Petroleum by 1,939.8% in the 1st quarter. GHE LLC now owns 649,542 shares of the oil and gas company’s stock valued at $158,605,000 after buying an additional 617,699 shares in the last quarter. Finally, Man Group plc boosted its stake in Marathon Petroleum by 2,175.0% in the 4th quarter. Man Group plc now owns 568,790 shares of the oil and gas company’s stock valued at $92,502,000 after buying an additional 543,788 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

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.