Marathon Petroleum (MPC) Hits New 12-Month Low at $50.19
Marathon Petroleum Corp (NYSE:MPC) hit a new 52-week low on Wednesday . The stock traded as low as $50.19 and last traded at $51.09, with a volume of 5534056 shares traded. The stock had previously closed at $51.31.
MPC has been the topic of a number of research analyst reports. Raymond James lowered their price target on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 10th. Macquarie initiated coverage on Marathon Petroleum in a report on Tuesday, February 5th. They set an “outperform” rating and a $67.18 price target on the stock. ValuEngine lowered Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Royal Bank of Canada lowered their price target on Marathon Petroleum from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Finally, Citigroup lowered their price target on Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $86.27.
The company has a quick ratio of 0.55, a current ratio of 1.20 and a debt-to-equity ratio of 0.69. The company has a market cap of $33.61 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.24 and a beta of 1.35.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a $0.53 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.14%. Marathon Petroleum’s dividend payout ratio (DPR) is 31.27%.
In related news, CEO Gary R. Heminger sold 187,142 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $65.00, for a total value of $12,164,230.00. Following the completion of the transaction, the chief executive officer now owns 434,166 shares in the company, valued at approximately $28,220,790. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.06% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Hanson McClain Inc. bought a new position in shares of Marathon Petroleum in the 4th quarter valued at approximately $25,000. Alpha Omega Wealth Management LLC raised its position in Marathon Petroleum by 135.1% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 435 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 250 shares during the last quarter. Certified Advisory Corp raised its position in Marathon Petroleum by 71.2% during the 4th quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 198 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in Marathon Petroleum during the 4th quarter worth $30,000. Finally, Claybrook Capital LLC bought a new position in Marathon Petroleum during the 4th quarter worth $30,000. Institutional investors and hedge funds own 77.93% of the company’s stock.
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, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.
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