Marathon Petroleum Co. (NYSE:MPC) SVP Sells $1,466,247.45 in Stock

Marathon Petroleum Co. (NYSE:MPCGet Rating) SVP Shawn M. Lyon sold 12,053 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $121.65, for a total value of $1,466,247.45. Following the completion of the sale, the senior vice president now owns 14,660 shares in the company, valued at $1,783,389. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Marathon Petroleum Stock Performance

NYSE MPC opened at $125.60 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.66 and a debt-to-equity ratio of 0.78. Marathon Petroleum Co. has a 52-week low of $59.55 and a 52-week high of $127.35. The business’s 50-day moving average price is $109.35 and its 200 day moving average price is $99.81. The firm has a market cap of $58.86 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.21 and a beta of 1.61.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Wednesday, November 16th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.58. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.18%.

Institutional Investors Weigh In On Marathon Petroleum

Institutional investors have recently added to or reduced their stakes in the business. Credit Agricole S A purchased a new stake in Marathon Petroleum in the 2nd quarter valued at approximately $25,000. Herold Advisors Inc. acquired a new stake in shares of Marathon Petroleum during the 1st quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at approximately $29,000. Ten Capital Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 3rd quarter valued at approximately $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Marathon Petroleum during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MPC. Barclays raised their price target on Marathon Petroleum from $112.00 to $126.00 and gave the company an “overweight” rating in a research note on Monday, October 10th. Jefferies Financial Group began coverage on Marathon Petroleum in a report on Wednesday, October 19th. They set a “hold” rating and a $119.00 price objective on the stock. The Goldman Sachs Group raised their price objective on Marathon Petroleum from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, November 3rd. Morgan Stanley raised their price objective on Marathon Petroleum from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, November 2nd. Finally, Royal Bank of Canada raised their price objective on Marathon Petroleum from $126.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $124.71.

About Marathon Petroleum

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Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale.

Further Reading

Insider Buying and Selling by Quarter for Marathon Petroleum (NYSE:MPC)

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