Insider Buying: Marathon Petroleum Co. (NYSE:MPC) Insider Buys $269,440.00 in Stock

Marathon Petroleum Co. (NYSE:MPC) 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) 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

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s payout ratio is currently 36.66%.

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.

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.