Insider Selling: Marathon Petroleum (NYSE:MPC) VP Sells 6,336 Shares of Stock

Marathon Petroleum Corporation (NYSE:MPC) VP Michael Henschen II sold 6,336 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marathon Petroleum Stock Performance

NYSE MPC traded up $3.81 during trading on Monday, hitting $265.82. 1,804,566 shares of the company’s stock traded hands, compared to its average volume of 2,481,919. The stock has a market capitalization of $77.60 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.42 and a beta of 0.52. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $272.46. 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 business has a 50 day moving average of $242.90 and a 200-day moving average of $210.11.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.74 by $0.91. The business had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) earnings per share. As a group, equities research analysts anticipate that Marathon Petroleum Corporation will post 30.05 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MPC shares. Morgan Stanley upped their price target on Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Citigroup upped their price target on Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Main Street Group LTD bought a new position in shares of Marathon Petroleum in the first quarter worth approximately $35,000. Cedar Mountain Advisors LLC bought a new position in shares of Marathon Petroleum in the first quarter worth approximately $40,000. Navalign LLC bought a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $31,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Marathon Petroleum in the third quarter worth approximately $39,000. 76.77% of the stock is currently owned by institutional investors.

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.