8,918 Shares in Marathon Petroleum Corporation $MPC Bought by Ancora Advisors LLC

Ancora Advisors LLC bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 8,918 shares of the oil and gas company's stock, valued at approximately $2,280,000.

Several other institutional investors and hedge funds also recently modified their holdings of MPC. Solstein Capital LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new stake in shares of Marathon Petroleum during the second quarter worth approximately $27,000. Navalign LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $31,000. Finally, Berbice Capital Management LLC increased its stake in shares of Marathon Petroleum by 100.0% during the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company's stock worth $33,000 after purchasing an additional 100 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $362.70 on Thursday. The firm has a market capitalization of $105.89 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.23 and a beta of 0.52. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $367.60. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The company's 50 day moving average price is $303.95 and its two-hundred day moving average price is $258.31.

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

Marathon Petroleum Announces Dividend

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

Analyst Upgrades and Downgrades

MPC has been the subject of a number of research reports. TD Cowen lifted their target price on Marathon Petroleum from $357.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Bank of America raised their price target on shares of Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Marathon Petroleum from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, August 5th. Jefferies Financial Group set a $335.00 price objective on shares of Marathon Petroleum and gave the company a "buy" rating in a report on Sunday, July 12th. Finally, Citigroup increased their target price on shares of Marathon Petroleum from $303.00 to $318.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $312.50.

Insider Buying and Selling

In related news, insider Molly R. Benson sold 17,196 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider owned 30,334 shares of the company's stock, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares in the company, 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. Over the last three months, insiders have sold 26,032 shares of company stock worth $8,744,213. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Profile

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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