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. 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

(Get Rating)

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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