Marathon Petroleum Corporation (NYSE:MPC) VP C. Michael Palmer sold 17,298 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total transaction of $1,116,585.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Marathon Petroleum Corporation (NYSE MPC) traded up $1.09 during mid-day trading on Friday, reaching $65.75. 9,894,690 shares of the company traded hands, compared to its average volume of 4,358,518. Marathon Petroleum Corporation has a 12-month low of $46.88 and a 12-month high of $66.19. The firm has a market cap of $31,331.64, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.57 and a beta of 1.61. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64.
Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.29. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The firm had revenue of $19.36 billion during the quarter, compared to the consensus estimate of $19.38 billion. During the same quarter in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. sell-side analysts predict that Marathon Petroleum Corporation will post 3.83 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Blue Chip Partners Inc. purchased a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $100,000. Crow Point Partners LLC bought a new position in Marathon Petroleum in the 3rd quarter valued at $128,000. First Interstate Bank increased its stake in shares of Marathon Petroleum by 81.1% in the 2nd quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 1,064 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the third quarter worth $135,000. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Marathon Petroleum during the second quarter worth $143,000. 80.83% of the stock is owned by institutional investors.
Several equities research analysts have commented on MPC shares. Scotiabank restated a “hold” rating and set a $55.00 target price on shares of Marathon Petroleum in a research report on Friday, September 1st. BidaskClub upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Jefferies Group restated a “buy” rating and set a $64.00 target price (down from $65.00) on shares of Marathon Petroleum in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, November 10th. Finally, Wells Fargo & Company downgraded Marathon Petroleum from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $65.00 to $56.00 in a research note on Tuesday, September 5th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.25.
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About Marathon Petroleum
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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