Alyeska Investment Group L.P. Buys Shares of 487,360 Marathon Petroleum Corporation $MPC

Key Points

• Alyeska Investment Group L.P. invested approximately $71 million in Marathon Petroleum Corporation by acquiring 487,360 shares in the first quarter.
• Marathon Petroleum recently announced a $0.91 quarterly dividend, representing a 2.0% yield, with a dividend payout ratio of 54.01%.
• Analysts' ratings on Marathon Petroleum show a consensus of 8 Buy ratings, 8 Hold ratings, and 1 Sell rating, with an average price target of $185.29.

Alyeska Investment Group L.P. acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 487,360 shares of the oil and gas company's stock, valued at approximately $71,003,000. Alyeska Investment Group L.P. owned 0.16% of Marathon Petroleum as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Marathon Petroleum by 1,546.2% during the first 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 during the last quarter. Hughes Financial Services LLC bought a new stake in shares of Marathon Petroleum during the first quarter valued at approximately $32,000. WPG Advisers LLC bought a new stake in shares of Marathon Petroleum during the first quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. raised its holdings in shares of Marathon Petroleum by 1,621.4% during the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Activity at Marathon Petroleum

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

Marathon Petroleum Price Performance

Marathon Petroleum stock traded up $1.27 during mid-day trading on Friday, hitting $180.25. The company's stock had a trading volume of 1,696,253 shares, compared to its average volume of 1,719,427. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $54.80 billion, a P/E ratio of 26.74, a P/E/G ratio of 3.64 and a beta of 0.97. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.50. The stock's fifty day moving average price is $171.74 and its two-hundred day moving average price is $156.19.

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

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, August 20th. Marathon Petroleum's payout ratio is presently 54.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price target on Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Raymond James Financial reiterated an "outperform" rating and set a $200.00 price objective (up previously from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th. Dbs Bank upgraded shares of Marathon Petroleum to a "moderate buy" rating in a research note on Monday, July 28th. Piper Sandler raised their price objective on shares of Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Scotiabank reiterated 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, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $186.57.

Marathon Petroleum 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.