20,536 Shares in Marathon Petroleum Corporation $MPC Purchased by Foster & Motley Inc.

Key Points

• Foster & Motley purchased 20,536 Marathon Petroleum shares in the second quarter, valued at approximately $5.25 million. Institutional investors collectively own 76.77% of MPC’s outstanding stock.
• Analyst sentiment remains positive, with 12 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $312.50. MPC shares opened at $366.79, near their 52-week high of $367.24.
• Marathon Petroleum reported quarterly EPS of $17.73, exceeding estimates of $14.27, while revenue rose 53.5% year over year to $51.99 billion. The company also declared a quarterly dividend of $1.00 per share, representing a 1.1% annualized yield.

Foster & Motley Inc. purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,536 shares of the oil and gas company's stock, valued at approximately $5,250,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew its stake 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 worth $696,000 after buying an additional 1,178 shares during the last quarter. Woodline Partners LP raised its stake in Marathon Petroleum by 38.3% during the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company's stock valued at $3,889,000 after buying an additional 7,396 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Marathon Petroleum by 26.6% in the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company's stock worth $369,000 after acquiring an additional 466 shares in the last quarter. Marshall Wace LLP bought a new stake in Marathon Petroleum in the second quarter worth $8,505,000. Finally, AXA S.A. grew its stake in shares of Marathon Petroleum by 46.7% in the second quarter. AXA S.A. now owns 39,675 shares of the oil and gas company's stock worth $6,590,000 after acquiring an additional 12,639 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insider Buying and Selling at Marathon Petroleum

In other news, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total transaction of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares of the company's stock, valued at $4,416,650. This represents a 16.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares of the company's stock, valued at $4,543,058. The trade was a 27.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MPC shares. Raymond James Financial lifted their price target on Marathon Petroleum from $300.00 to $335.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Scotiabank lifted their target price on shares of Marathon Petroleum from $174.00 to $210.00 and gave the stock a "sector outperform" rating in a report on Wednesday, April 22nd. Zacks Research downgraded shares of Marathon Petroleum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 17th. Wells Fargo & Company increased their price target on shares of Marathon Petroleum from $344.00 to $359.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Evercore set a $330.00 price objective on shares of Marathon Petroleum in a report on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and an average price target of $312.50.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $366.79 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The firm has a market cap of $107.08 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The business has a 50-day simple moving average of $291.36 and a two-hundred day simple moving average of $250.88. Marathon Petroleum Corporation has a fifty-two week low of $161.80 and a fifty-two week high of $367.24.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter last year, the firm posted $3.96 EPS. The business's quarterly revenue was up 53.5% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Marathon Petroleum's payout ratio is currently 13.75%.

About Marathon Petroleum

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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