Marathon Petroleum Co. (NYSE:MPC) SVP Shawn M. Lyon Sells 12,053 Shares

Marathon Petroleum Co. (NYSE:MPCGet Rating) SVP Shawn M. Lyon sold 12,053 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $121.65, for a total value of $1,466,247.45. Following the sale, the senior vice president now owns 14,660 shares of the company’s stock, valued at approximately $1,783,389. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marathon Petroleum Stock Down 0.8 %

Shares of NYSE:MPC opened at $125.60 on Thursday. The business’s 50-day moving average is $108.80 and its 200-day moving average is $99.63. Marathon Petroleum Co. has a 1 year low of $59.55 and a 1 year high of $127.35. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.66 and a quick ratio of 1.19. The company has a market capitalization of $58.86 billion, a price-to-earnings ratio of 5.52, a P/E/G ratio of 0.20 and a beta of 1.61.

Marathon Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.39%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Tuesday, November 15th. Marathon Petroleum’s dividend payout ratio is 13.18%.

Institutional Investors Weigh In On Marathon Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in MPC. Credit Agricole S A bought a new position in shares of Marathon Petroleum during the second quarter valued at about $25,000. Herold Advisors Inc. bought a new stake in Marathon Petroleum during the 1st quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Marathon Petroleum during the 2nd quarter valued at approximately $29,000. Ten Capital Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum during the third quarter valued at approximately $29,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Marathon Petroleum in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MPC. Barclays lifted their price target on Marathon Petroleum from $112.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, October 10th. Raymond James boosted their target price on Marathon Petroleum from $133.00 to $140.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 11th. Jefferies Financial Group assumed coverage on Marathon Petroleum in a research report on Wednesday, October 19th. They set a “hold” rating and a $119.00 target price on the stock. StockNews.com began coverage on Marathon Petroleum in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Finally, Piper Sandler upped their price target on Marathon Petroleum from $111.00 to $153.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 9th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.71.

Marathon Petroleum Company Profile

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Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.

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