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

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 stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Marathon Petroleum Stock Up 1.5%

Marathon Petroleum stock opened at $265.82 on Tuesday. Marathon Petroleum Corporation has a 1-year low of $158.00 and a 1-year high of $272.46. The firm has a market capitalization of $77.60 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 0.42 and a beta of 0.52. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The firm has a 50 day simple moving average of $243.25 and a 200 day simple moving average of $210.58.

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

Marathon Petroleum Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MPC shares. Mizuho lifted their price objective on shares of Marathon Petroleum from $224.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Jefferies Financial Group raised their price target on shares of Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. UBS Group set a $285.00 price target on shares of Marathon Petroleum in a report on Wednesday, May 6th. TD Cowen raised their price target on shares of Marathon Petroleum to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley raised their price target on shares of Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a report on Friday, April 24th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $268.50.

Institutional Trading of Marathon Petroleum

A number of hedge funds have recently made changes to their positions in MPC. Brighton Jones LLC lifted its holdings in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after acquiring an additional 1,178 shares during the last quarter. Woodline Partners LP raised its position in Marathon Petroleum by 38.3% in the 1st quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock worth $3,889,000 after purchasing an additional 7,396 shares during the period. Sivia Capital Partners LLC raised its position in Marathon Petroleum by 26.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after purchasing an additional 466 shares during the period. Marshall Wace LLP purchased a new position in Marathon Petroleum in the 2nd quarter worth $8,505,000. Finally, AXA S.A. raised its position in Marathon Petroleum by 46.7% in the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after purchasing an additional 12,639 shares during the period. 76.77% of the stock is 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.