Marathon Petroleum (NYSE:MPC) SVP Shawn Lyon Sells 425 Shares of Stock

Marathon Petroleum Corporation (NYSE:MPC) SVP Shawn Lyon sold 425 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $368.51, for a total value of $156,616.75. Following the completion of the sale, the senior vice president directly owned 12,194 shares of the company’s stock, valued at $4,493,610.94. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Marathon Petroleum Trading Up 2.3%

Shares of Marathon Petroleum stock opened at $382.08 on Wednesday. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $383.01. The company’s fifty day simple moving average is $314.07 and its 200-day simple moving average is $263.02. The company has a market cap of $111.54 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.24 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business’s quarterly 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 EPS. As a group, sell-side analysts expect that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Institutional Trading of Marathon Petroleum

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its position in Marathon Petroleum by 36,834.6% in the 2nd quarter. California State Teachers Retirement System now owns 128,810,637 shares of the oil and gas company’s stock valued at $32,933,016,000 after acquiring an additional 128,461,884 shares during the period. BlackRock Inc. acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $6,648,958,000. Bank of New York Mellon Corp bought a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $1,029,611,000. Norges Bank bought a new position in Marathon Petroleum during the fourth quarter worth $472,312,000. Finally, Bank of America Corp DE bought a new stake in Marathon Petroleum in the second quarter valued at $621,832,000. 76.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MPC. Raymond James Financial lifted their price objective on shares of Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. UBS Group reiterated a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a research note on Friday, July 10th. Piper Sandler raised their target price on shares of Marathon Petroleum from $343.00 to $344.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Finally, The Goldman Sachs Group raised their price target on Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average target price of $315.06.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Geopolitical tensions are boosting the energy complex. Reports of U.S.-Iran attacks near the Strait of Hormuz pushed oil prices higher, lifting energy stocks and potentially supporting refinery margins. A separate market outlook also points to a global fuel squeeze that could create another period of elevated refining profitability. Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher Goldman Sachs Sees Major Shift Coming for Oil Markets
• Positive Sentiment: Recent operating results remain a key support. Marathon Petroleum’s latest reported quarter significantly exceeded analyst expectations, with EPS of $17.73 versus a $14.27 estimate and revenue growth of 53.5% year over year. Its low payout ratio and recently announced $1.00 quarterly dividend also provide shareholder support.
• Neutral Sentiment: Analyst sentiment is favorable, but targets appear conservative. MPC has a “Moderate Buy” consensus rating, while the reported average price target of $312.50 is below the current trading range. Institutional ownership remains high at approximately 76.8%, with several investors recently building positions.
• Negative Sentiment: Multiple insiders have sold shares. Senior Vice President Shawn M. Lyon sold 1,425 shares in two transactions for roughly $532,000, while Vice President and Controller Erin M. Brzezinski sold 570 shares for about $207,000. The sales reduced their respective holdings by 8.2% and 26.6%. Although these transactions may reflect personal financial decisions, the cluster of selling near record levels could temper investor enthusiasm. MPC insider transaction filing

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.