B. Metzler seel. Sohn & Co. AG Invests $10.42 Million in Marathon Petroleum Corporation $MPC

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 40,741 Marathon Petroleum shares worth approximately $10.42 million during the second quarter. Institutional investors collectively own 76.77% of MPC’s outstanding stock.
• Analysts maintain a favorable view, with 12 Buy ratings and six Holds; the stock has a “Moderate Buy” consensus and an average price target of $312.50.
• Marathon Petroleum beat quarterly earnings expectations, reporting $17.73 in EPS and $51.99 billion in revenue, while announcing a quarterly dividend of $1.00 per share, or $4.00 annually.

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 40,741 shares of the oil and gas company's stock, valued at approximately $10,416,000.

A number of other large investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its position in shares of Marathon Petroleum by 3.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company's stock worth $329,000 after acquiring an additional 40 shares during the last quarter. Equitable Trust Co. raised its holdings in Marathon Petroleum by 1.6% during the 1st quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company's stock valued at $644,000 after buying an additional 42 shares during the period. Bartlett & CO. Wealth Management LLC lifted its position in Marathon Petroleum by 0.4% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company's stock worth $2,411,000 after buying an additional 42 shares during the last quarter. Wellington Grp LLC lifted its position in Marathon Petroleum by 9.6% in the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company's stock worth $126,000 after buying an additional 45 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Marathon Petroleum by 2.2% during the second quarter. Avior Wealth Management LLC now owns 2,108 shares of the oil and gas company's stock worth $539,000 after buying an additional 46 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MPC has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Raymond James Financial upped their price target on shares of Marathon Petroleum from $300.00 to $335.00 and gave the company an "outperform" rating in a report on Monday, July 13th. UBS Group reissued a "buy" rating and issued a $321.00 price objective on shares of Marathon Petroleum in a research report on Friday, July 10th. Finally, Bank of America raised their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $312.50.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, SVP Shawn M. Lyon sold 2,500 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the transaction, the senior vice president owned 12,619 shares of the company's stock, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael A. Henschen II sold 6,336 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares of the company's stock, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.17% of the company's stock.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $358.71 on Friday. 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 stock has a market cap of $104.72 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The firm has a 50-day moving average of $295.27 and a two-hundred day moving average of $253.47. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $367.60.

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

Marathon Petroleum Announces Dividend

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

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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