Marathon Petroleum (NYSE:MPC) SVP Shawn Lyon Sells 1,000 Shares

Marathon Petroleum Corporation (NYSE:MPC) SVP Shawn Lyon sold 1,000 shares of Marathon Petroleum stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $375.75, for a total transaction of $375,750.00. Following the sale, the senior vice president directly owned 11,194 shares of the company’s stock, valued at $4,206,145.50. The trade was a 8.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Marathon Petroleum Trading Up 2.3%

Shares of MPC stock opened at $382.08 on Wednesday. The firm has a 50 day moving average price of $314.07 and a two-hundred day moving average price of $263.02. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $111.54 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $383.01.

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

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.0%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of recent research reports. Mizuho raised their price target on shares of Marathon Petroleum from $284.00 to $304.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Evercore set a $330.00 target price on shares of Marathon Petroleum in a report on Wednesday, August 5th. TD Cowen lifted their price target on shares of Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Piper Sandler boosted their price target on Marathon Petroleum from $343.00 to $344.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Citigroup increased their price target on Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $315.06.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds have recently modified their holdings of the company. Solstein Capital LLC acquired a new position in Marathon Petroleum during the 2nd quarter worth about $26,000. Caitlin John LLC bought a new position in shares of Marathon Petroleum during the second quarter worth about $26,000. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum in the second quarter worth approximately $27,000. Navalign LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at approximately $30,000. Finally, Berbice Capital Management LLC boosted its holdings 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 valued at $33,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Key Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Geopolitical tensions are boosting the energy complex. Reports of U.S.-Iran attacks near the Strait of Hormuz pushed oil prices higher, lifting energy stocks and potentially supporting refinery margins. A separate market outlook also points to a global fuel squeeze that could create another period of elevated refining profitability. Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher Goldman Sachs Sees Major Shift Coming for Oil Markets
• Positive Sentiment: Recent operating results remain a key support. Marathon Petroleum’s latest reported quarter significantly exceeded analyst expectations, with EPS of $17.73 versus a $14.27 estimate and revenue growth of 53.5% year over year. Its low payout ratio and recently announced $1.00 quarterly dividend also provide shareholder support.
• Neutral Sentiment: Analyst sentiment is favorable, but targets appear conservative. MPC has a “Moderate Buy” consensus rating, while the reported average price target of $312.50 is below the current trading range. Institutional ownership remains high at approximately 76.8%, with several investors recently building positions.
• Negative Sentiment: Multiple insiders have sold shares. Senior Vice President Shawn M. Lyon sold 1,425 shares in two transactions for roughly $532,000, while Vice President and Controller Erin M. Brzezinski sold 570 shares for about $207,000. The sales reduced their respective holdings by 8.2% and 26.6%. Although these transactions may reflect personal financial decisions, the cluster of selling near record levels could temper investor enthusiasm. MPC insider transaction filing

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.