Marathon Petroleum Corporation (NYSE:MPC) Director Sells $1,293,600.00 in Stock

Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares of the company's stock, valued at approximately $3,315,200. This represents a 28.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Marathon Petroleum Stock Performance

NYSE:MPC traded up $0.39 during trading on Monday, reaching $176.44. The company's stock had a trading volume of 1,692,260 shares, compared to its average volume of 2,708,907. The firm has a market cap of $54.20 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. The firm has a 50 day moving average of $159.64 and a 200-day moving average of $148.53. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the company earned $2.58 earnings per share. The firm's quarterly revenue was down 4.1% on a year-over-year basis. Research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Evercore ISI assumed coverage on Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 target price for the company. Scotiabank cut their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. TD Cowen lifted their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Mizuho boosted their price target on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $176.13.

Institutional Trading of Marathon Petroleum

Several large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock valued at $696,000 after purchasing an additional 1,178 shares during the last quarter. GHE LLC raised its holdings in Marathon Petroleum by 1.8% during the fourth quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock valued at $5,381,000 after acquiring an additional 665 shares during the period. Proficio Capital Partners LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $234,000. Candriam S.C.A. increased its position in Marathon Petroleum by 5.1% in the fourth quarter. Candriam S.C.A. now owns 27,677 shares of the oil and gas company's stock worth $3,861,000 after purchasing an additional 1,335 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in Marathon Petroleum in the fourth quarter worth $374,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. 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 and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.