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

Investors sold shares of Marathon Petroleum Corp (NYSE:MPC) on strength during trading hours on Tuesday. $34.92 million flowed into the stock on the tick-up and $85.28 million flowed out of the stock on the tick-down, for a money net flow of $50.36 million out of the stock. Of all equities tracked, Marathon Petroleum had the 33rd highest net out-flow for the day. Marathon Petroleum traded up $0.39 for the day and closed at $65.01

A number of equities research analysts have issued reports on MPC shares. ValuEngine lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Morgan Stanley cut their price target on shares of Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Cowen cut their target price on shares of Marathon Petroleum from $111.00 to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 28th. Citigroup cut their target price on shares of Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, December 6th. Finally, Standpoint Research began coverage on shares of Marathon Petroleum in a research note on Wednesday, December 26th. They set an “accumulate” rating on the stock. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.41.

The stock has a market cap of $45.01 billion, a PE ratio of 9.59, a PEG ratio of 0.66 and a beta of 1.36. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.65.



Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results 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 net margin of 2.86% and a return on equity of 18.84%. The company had revenue of $32.54 billion during the quarter, compared to analysts’ expectations of $34.16 billion. During the same period last year, the company posted $1.05 EPS. Marathon Petroleum’s revenue was up 53.2% on a year-over-year basis. On average, analysts anticipate that Marathon Petroleum Corp will post 6.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 20th will be given a dividend of $0.53 per share. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Tuesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 27.14%.

In other Marathon Petroleum news, Director Steven A. Davis purchased 3,500 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average cost of $62.14 per share, with a total value of $217,490.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.09% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd raised its holdings in shares of Marathon Petroleum by 73.3% during the third quarter. Point72 Hong Kong Ltd now owns 19,007 shares of the oil and gas company’s stock valued at $1,520,000 after purchasing an additional 8,040 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Marathon Petroleum by 170.3% during the third quarter. Quadrant Capital Group LLC now owns 3,209 shares of the oil and gas company’s stock valued at $244,000 after purchasing an additional 2,022 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Marathon Petroleum by 60.2% during the third quarter. First Trust Advisors LP now owns 624,380 shares of the oil and gas company’s stock valued at $49,932,000 after purchasing an additional 234,641 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Marathon Petroleum by 27.6% during the third quarter. Steward Partners Investment Advisory LLC now owns 81,964 shares of the oil and gas company’s stock valued at $6,555,000 after purchasing an additional 17,733 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Marathon Petroleum by 14.2% during the third quarter. Pictet Asset Management Ltd. now owns 312,700 shares of the oil and gas company’s stock valued at $25,007,000 after purchasing an additional 38,972 shares during the last quarter. 60.89% of the stock is owned by institutional investors and hedge funds.

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About Marathon Petroleum (NYSE:MPC)

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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