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

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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 companies 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

Several brokerages have recently weighed in on MPC. Macquarie began coverage on shares of Marathon Petroleum in a research note on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 target price on the stock. Citigroup cut their price target on shares of Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, December 6th. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Cowen restated an “outperform” rating and issued a $101.00 price target (up from $87.00) on shares of Marathon Petroleum in a report on Thursday, December 6th. They noted that the move was a valuation call. Finally, 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. Three equities 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 company has an average rating of “Buy” and an average target price of $92.41.

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

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $34.16 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm’s quarterly revenue was up 53.2% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum Corp will post 6.38 EPS for the current year.

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

In other Marathon Petroleum news, Director Steven A. Davis bought 3,500 shares of the company’s stock in a transaction on Friday, December 14th. The shares were bought at an average cost of $62.14 per share, for a total transaction of $217,490.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.09% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Marathon Petroleum by 36.6% in the 4th quarter. BlackRock Inc. now owns 54,581,132 shares of the oil and gas company’s stock valued at $3,220,832,000 after buying an additional 14,619,755 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Marathon Petroleum by 9,095.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,042,197 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 13,889,489 shares in the last quarter. Boston Partners boosted its holdings in shares of Marathon Petroleum by 81.9% in the 4th quarter. Boston Partners now owns 12,173,365 shares of the oil and gas company’s stock valued at $718,350,000 after buying an additional 5,479,818 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Marathon Petroleum by 70.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,065,459 shares of the oil and gas company’s stock valued at $593,940,000 after buying an additional 4,153,879 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Marathon Petroleum by 42.6% in the 4th quarter. Bank of New York Mellon Corp now owns 12,418,710 shares of the oil and gas company’s stock valued at $732,828,000 after buying an additional 3,708,740 shares in the last quarter. Institutional investors own 60.89% of the company’s stock.

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Marathon Petroleum Company Profile (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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