MBB Public Markets I LLC Takes Position in Marathon Petroleum Corporation $MPC

Key Points

• MBB Public Markets I LLC acquired 2,118 shares of Marathon Petroleum Corporation valued at approximately $309,000, as revealed in its latest SEC filing.
• Marathon Petroleum recently reported an earnings per share (EPS) of $3.96, beating estimates and indicating a net margin of 1.58% on quarterly revenues of $34.10 billion.
• The company declared a quarterly dividend of $0.91 per share, representing an annualized yield of 2.0%, while 76.77% of its stock is owned by institutional investors.

MBB Public Markets I LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,118 shares of the oil and gas company's stock, valued at approximately $309,000.

A number of other institutional investors also recently bought and sold shares of MPC. Fourth Dimension Wealth LLC bought a new stake in Marathon Petroleum during the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after buying an additional 201 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Marathon Petroleum during the 1st quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in Marathon Petroleum in the 1st quarter worth approximately $32,000. Finally, Decker Retirement Planning Inc. raised its stake in Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 227 shares during the period. 76.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup increased their price objective 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. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. TD Cowen lowered their price objective on Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Raymond James Financial upped their price objective on Marathon Petroleum from $195.00 to $199.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a research note on Friday, July 11th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $189.36.

Marathon Petroleum Price Performance

Shares of MPC stock traded down $2.13 during trading hours on Friday, hitting $180.18. The stock had a trading volume of 1,500,292 shares, compared to its average volume of 1,733,300. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The stock has a market capitalization of $54.78 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 3.68 and a beta of 0.97. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $186.28. The stock's 50-day moving average price is $172.81 and its two-hundred day moving average price is $157.13.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.74. The business had revenue of $34.10 billion during the quarter, compared to analysts' expectations of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The firm's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.12 EPS. Equities analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. Marathon Petroleum's dividend payout ratio is presently 54.01%.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares of the company's stock, valued at $4,678,100. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kim K.W. Rucker sold 7,392 shares of the company's 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 sale, the director owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company 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.