Blue Capital Inc. Makes New $829,000 Investment in Marathon Petroleum Corporation $MPC

Key Points

• Blue Capital Inc. purchased 3,242 shares of Marathon Petroleum worth approximately $829,000 during the second quarter. Institutional investors collectively own 76.77% of the company.
• Marathon Petroleum reported quarterly EPS of $17.73, exceeding analyst estimates of $14.27, while revenue rose 53.5% year over year to $51.99 billion.
• The company declared a quarterly dividend of $1.00 per share, or $4.00 annualized, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $312.50.

Blue Capital Inc. bought a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,242 shares of the oil and gas company's stock, valued at approximately $829,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in Marathon Petroleum in the second quarter valued at $36,000. Main Street Group LTD bought a new position in Marathon Petroleum during the 1st quarter valued at $35,000. Cedar Mountain Advisors LLC bought a new position in Marathon Petroleum during the 1st quarter valued at $40,000. Finally, Navalign LLC acquired a new position in Marathon Petroleum during the 4th quarter worth $30,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Up 1.1%

NYSE MPC opened at $362.18 on Friday. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $367.60. The company has a market capitalization of $105.73 billion, a P/E ratio of 12.45, a PEG ratio of 0.23 and a beta of 0.52. The company's 50 day simple moving average is $297.25 and its 200 day simple moving average is $254.23. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89.

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

Marathon Petroleum Dividend Announcement

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 given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum's dividend payout ratio (DPR) is 13.75%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on 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 transaction, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares of the company's stock, valued at $4,416,650. The trade was a 16.54% 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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MPC. Morgan Stanley lifted their price target on Marathon Petroleum from $233.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, June 12th. Wall Street Zen upgraded Marathon Petroleum from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 10th. Bank of America boosted their price target on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. TD Cowen upped their price target on Marathon Petroleum from $357.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $312.50.

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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