Traders Buy Shares of Marathon Petroleum (MPC) on Weakness

Traders bought shares of Marathon Petroleum Corp (NYSE:MPC) on weakness during trading hours on Monday. $128.71 million flowed into the stock on the tick-up and $95.67 million flowed out of the stock on the tick-down, for a money net flow of $33.04 million into the stock. Of all stocks tracked, Marathon Petroleum had the 33rd highest net in-flow for the day. Marathon Petroleum traded down ($1.00) for the day and closed at $61.72

A number of equities research analysts recently commented on the company. Macquarie assumed coverage on Marathon Petroleum in a research report on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 target price on the stock. Citigroup decreased their target price on Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, December 6th. ValuEngine upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Cowen reiterated an “outperform” rating and issued a $101.00 target price (up from $87.00) on shares of Marathon Petroleum in a research report on Thursday, December 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Marathon Petroleum has a consensus rating of “Buy” and a consensus target price of $92.41.

The company has a quick ratio of 1.09, a current ratio of 1.65 and a debt-to-equity ratio of 0.97. The stock has a market cap of $43.34 billion, a PE ratio of 9.10, a P/E/G ratio of 0.64 and a beta of 1.36.



Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.43. Marathon Petroleum had a return on equity of 18.84% and a net margin of 2.86%. The business had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $34.16 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 53.2% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corp will post 6.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 20th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, February 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 3.43%. Marathon Petroleum’s dividend payout ratio is 27.14%.

In related news, Director Steven A. Davis acquired 2,500 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were acquired at an average cost of $62.20 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 16,462 shares in the company, valued at approximately $1,023,936.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

A number of hedge funds have recently modified their holdings of MPC. BlackRock Inc. raised its position in Marathon Petroleum by 36.6% during the fourth quarter. BlackRock Inc. now owns 54,581,132 shares of the oil and gas company’s stock valued at $3,220,832,000 after purchasing an additional 14,619,755 shares during the period. Oregon Public Employees Retirement Fund raised its position in Marathon Petroleum by 9,095.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,042,197 shares of the oil and gas company’s stock valued at $238,000 after purchasing an additional 13,889,489 shares during the period. Boston Partners raised its position in Marathon Petroleum by 81.9% during the fourth quarter. Boston Partners now owns 12,173,365 shares of the oil and gas company’s stock valued at $718,350,000 after purchasing an additional 5,479,818 shares during the period. Bank of New York Mellon Corp raised its position in Marathon Petroleum by 42.6% during the fourth quarter. Bank of New York Mellon Corp now owns 12,418,710 shares of the oil and gas company’s stock valued at $732,828,000 after purchasing an additional 3,708,740 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $176,021,000. Institutional investors and hedge funds own 60.89% of the company’s stock.

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Marathon Petroleum Company Profile (NYSE:MPC)

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, Speedway 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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