Marathon Petroleum (NYSE:MPC) VP Erin Brzezinski Sells 570 Shares of Stock

Marathon Petroleum Corporation (NYSE:MPC) VP Erin Brzezinski sold 570 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the transaction, the vice president owned 1,576 shares of the company’s stock, valued at approximately $571,757.04. The trade was a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Marathon Petroleum Stock Performance

NYSE MPC opened at $374.48 on Tuesday. The company’s fifty day moving average is $311.41 and its two-hundred day moving average is $261.80. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $376.56. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The firm has a market capitalization of $109.33 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.24 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same quarter in the prior year, the business earned $3.96 earnings per share. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. Equities research analysts forecast that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

Analysts Set New Price Targets

MPC has been the topic of a number of recent research reports. TD Cowen lifted their price target on shares of Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Barclays increased their price objective on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Bank of America lifted their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. The Goldman Sachs Group upped their target price on shares of Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus target price of $312.50.

Institutional Trading of Marathon Petroleum

Large investors have recently added to or reduced their stakes in the company. Solstein Capital LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter worth approximately $26,000. Caitlin John LLC acquired a new stake in Marathon Petroleum during the 2nd quarter valued at $26,000. Bell Investment Advisors Inc bought a new position in Marathon Petroleum in the 2nd quarter valued at $27,000. Navalign LLC acquired a new position in Marathon Petroleum in the fourth quarter worth $30,000. Finally, Berbice Capital Management LLC boosted its stake in Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. 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.