Traders 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 analysts have recently commented on the stock. ValuEngine downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Macquarie assumed coverage on shares of Marathon Petroleum in a research report on Tuesday, February 5th. They set an “outperform” rating and a $67.18 price objective on the stock. Cowen restated a “buy” rating and set a $111.00 price objective on shares of Marathon Petroleum in a research report on Thursday, November 29th. Citigroup decreased their price objective on shares of Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, December 6th. Finally, Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Petroleum in a research report on Thursday, January 10th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Marathon Petroleum presently has an average rating of “Buy” and a consensus price target 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 cap of $45.25 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.43. The company had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $34.16 billion. Marathon Petroleum had a net margin of 2.86% and a return on equity of 18.84%. Marathon Petroleum’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. On average, equities analysts expect that Marathon Petroleum Corp will post 6.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 20th will be issued a $0.53 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, February 19th. Marathon Petroleum’s payout ratio is currently 31.27%.

In related news, Director Steven A. Davis purchased 3,500 shares of Marathon Petroleum 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.09% of the company’s stock.

Several large investors have recently modified their holdings of MPC. Hanson McClain Inc. purchased a new position in shares of Marathon Petroleum in the 4th quarter worth $25,000. Certified Advisory Corp grew its stake in shares of Marathon Petroleum by 71.2% in the 4th quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock worth $28,000 after buying an additional 198 shares in the last quarter. Kistler Tiffany Companies LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter worth about $30,000. SeaBridge Investment Advisors LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter worth about $30,000. Finally, Berman Capital Advisors LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter worth about $30,000. 67.55% of the stock is owned by institutional investors and hedge funds.

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About Marathon Petroleum (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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