1,544 Shares in Marathon Petroleum Corporation (NYSE:MPC) Acquired by EagleClaw Capital Managment LLC

Key Points

• EagleClaw Capital Management LLC has acquired a new stake in Marathon Petroleum Corporation, purchasing 1,544 shares valued at approximately $225,000 in the first quarter.
• Marathon Petroleum announced a quarterly dividend of $0.91 per share, to be paid on September 10th, representing an annualized dividend yield of 2.1% with a payout ratio of 51.20%.
• Analyst ratings for Marathon Petroleum vary, with target prices ranging from $144.00 to $189.00, indicating a consensus average rating of "Hold".

EagleClaw Capital Managment LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,544 shares of the oil and gas company's stock, valued at approximately $225,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock valued at $696,000 after acquiring an additional 1,178 shares during the last quarter. GHE LLC raised its stake in shares of Marathon Petroleum by 1.8% during the 4th quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock worth $5,381,000 after buying an additional 665 shares during the period. DnB Asset Management AS lifted its holdings in Marathon Petroleum by 26.3% during the fourth quarter. DnB Asset Management AS now owns 1,751 shares of the oil and gas company's stock valued at $244,000 after purchasing an additional 365 shares in the last quarter. Summit Financial LLC boosted its stake in Marathon Petroleum by 18.7% during the fourth quarter. Summit Financial LLC now owns 3,576 shares of the oil and gas company's stock worth $499,000 after buying an additional 564 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Marathon Petroleum in the 4th quarter valued at approximately $1,622,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Trading Down 0.4%

Shares of Marathon Petroleum stock opened at $170.04 on Friday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The business has a 50 day moving average price of $168.69 and a 200 day moving average price of $153.16. The company has a market capitalization of $52.24 billion, a P/E ratio of 23.92, a P/E/G ratio of 2.92 and a beta of 0.88.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter last year, the business posted $2.58 earnings per share. Marathon Petroleum's revenue was down 4.1% compared to the same quarter last year. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 20th. Marathon Petroleum's dividend payout ratio (DPR) is currently 51.20%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley increased their price objective on Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Mizuho boosted their target price on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Citigroup increased their price target on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Wolfe Research downgraded Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Barclays increased their price target on shares of Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $183.93.

Insider Activity

In other news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares in the company, valued at $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

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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