Marathon Petroleum (NYSE:MPC) SVP Shawn Lyon Sells 2,500 Shares of Stock

Key Points

• Insider sale: Marathon Petroleum SVP Shawn Lyon sold 2,500 shares at an average price of $350, generating $875,000. His remaining 12,619 shares represent a 16.54% reduction in his position.
• Strong quarterly results: Marathon Petroleum reported quarterly EPS of $17.73, beating estimates of $14.27, while revenue reached $51.99 billion and rose 53.5% year over year.
• Stock and outlook: Shares traded near their 52-week high at $359.78, while analysts maintained a “Moderate Buy” consensus with an average price target of $312.50. The company also declared a quarterly dividend of $1.00 per share.

Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) SVP Shawn Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the sale, the senior vice president owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Marathon Petroleum Stock Performance

NYSE:MPC traded up $4.36 during mid-day trading on Monday, reaching $359.78. 3,041,982 shares of the stock were exchanged, compared to its average volume of 2,450,992. The stock has a market capitalization of $105.03 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.23 and a beta of 0.52. Marathon Petroleum Corporation has a 1 year low of $160.87 and a 1 year high of $363.34. The company has a 50 day simple moving average of $287.31 and a 200-day simple moving average of $248.19. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating the consensus estimate of $14.27 by $3.46. The business had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company's revenue was up 53.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.96 earnings per share. Analysts anticipate that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Marathon Petroleum's dividend payout ratio is 13.75%.

Institutional Investors Weigh In On Marathon Petroleum

Institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Marathon Petroleum by 3.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company's stock worth $329,000 after buying an additional 40 shares in the last quarter. Equitable Trust Co. boosted its position in Marathon Petroleum by 1.6% during the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company's stock worth $644,000 after acquiring an additional 42 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in Marathon Petroleum by 0.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company's stock worth $2,411,000 after acquiring an additional 42 shares during the last quarter. Wellington Grp LLC grew its stake in Marathon Petroleum by 9.6% during the 1st quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company's stock valued at $126,000 after acquiring an additional 45 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Marathon Petroleum by 2.2% in the 2nd quarter. Avior Wealth Management LLC now owns 2,108 shares of the oil and gas company's stock valued at $539,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company upped their price objective on Marathon Petroleum from $344.00 to $359.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Bank of America boosted their target price on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Zacks Research cut Marathon Petroleum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 17th. TD Cowen increased their price target on Marathon Petroleum from $357.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Barclays lifted their price objective on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $312.50.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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