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

Investors sold shares of Marathon Petroleum Co. (NYSE:MPC) on strength during trading on Friday. $42.26 million flowed into the stock on the tick-up and $56.77 million flowed out of the stock on the tick-down, for a money net flow of $14.51 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 $0.36 for the day and closed at $79.76

Several equities analysts have recently commented on MPC shares. Morgan Stanley increased their target price on Marathon Petroleum from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, April 16th. Royal Bank of Canada reiterated a “buy” rating and set a $88.00 target price on shares of Marathon Petroleum in a research note on Friday. ValuEngine upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays reiterated a “buy” rating and set a $90.00 target price on shares of Marathon Petroleum in a research note on Friday, February 16th. Finally, Credit Suisse Group started coverage on Marathon Petroleum in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $83.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.73.

The company has a market capitalization of $37,970.55, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.21 and a beta of 1.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.75.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. The firm had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $17.27 billion. During the same period last year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. sell-side analysts forecast that Marathon Petroleum Co. will post 4.5 EPS for the current fiscal year.

In related news, insider Thomas M. Kelley sold 20,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $69.77, for a total transaction of $1,395,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Bunch bought 1,500 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was bought at an average cost of $67.38 per share, for a total transaction of $101,070.00. Following the completion of the transaction, the director now directly owns 12,853 shares of the company’s stock, valued at $866,035.14. The disclosure for this purchase can be found here. Company insiders own 1.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pin Oak Investment Advisors Inc. acquired a new stake in Marathon Petroleum in the fourth quarter worth $258,000. Tuttle Tactical Management LLC acquired a new stake in Marathon Petroleum in the fourth quarter worth $717,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Marathon Petroleum by 35.6% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 38,095 shares of the oil and gas company’s stock worth $2,514,000 after buying an additional 10,000 shares during the period. Wealthsource Partners LLC acquired a new stake in Marathon Petroleum in the fourth quarter worth $202,000. Finally, APCM Wealth Management for Individuals acquired a new stake in Marathon Petroleum in the fourth quarter worth $215,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

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Marathon Petroleum Company Profile

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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