Marathon Petroleum Co. (NYSE:MPC – Get Free Report) insider Ricky D. Hessling acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Marathon Petroleum Stock Up 3.1 %
Shares of NYSE MPC opened at $141.23 on Friday. The stock has a market cap of $44.15 billion, a P/E ratio of 14.22, a PEG ratio of 3.11 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11. The business’s fifty day simple moving average is $148.36 and its 200-day simple moving average is $153.05.
Marathon Petroleum (NYSE:MPC – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.71. The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $3.98 earnings per share. As a group, equities analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.
Marathon Petroleum Announces Dividend
Institutional Trading of Marathon Petroleum
Hedge funds have recently modified their holdings of the stock. Copia Wealth Management acquired a new stake in Marathon Petroleum in the fourth quarter valued at $88,000. Siemens Fonds Invest GmbH raised its stake in Marathon Petroleum by 49.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 17,455 shares of the oil and gas company’s stock valued at $2,435,000 after buying an additional 5,783 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at $69,000. Total Wealth Planning & Management Inc. acquired a new stake in Marathon Petroleum in the fourth quarter valued at $442,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Marathon Petroleum in the fourth quarter valued at $36,872,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Raymond James upped their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research report on Friday, January 17th. Mizuho dropped their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Piper Sandler dropped their price target on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $182.13.
Read Our Latest Stock Analysis on MPC
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.
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