Clear Trail Advisors LLC Takes Position in Marathon Petroleum Corporation $MPC

Key Points

• Clear Trail Advisors LLC purchased a new position in Marathon Petroleum (NYSE:MPC) of 50,077 shares in Q4, valued at about $8.14 million and representing roughly 1.9% of the firm's portfolio (its 15th largest holding).
• Marathon Petroleum beat estimates in the quarter with EPS $4.07 (consensus $3.73) and revenue of $32.57 billion, declared a quarterly dividend of $1.00 ($4.00 annual, ~1.7% yield), and carries an average analyst rating of "Moderate Buy" with a mean target near $205.

Clear Trail Advisors LLC purchased a new position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,077 shares of the oil and gas company's stock, valued at approximately $8,144,000. Marathon Petroleum comprises approximately 1.9% of Clear Trail Advisors LLC's investment portfolio, making the stock its 15th biggest position.

A number of other large investors have also made changes to their positions in the business. Delos Wealth Advisors LLC purchased a new stake in shares of Marathon Petroleum in the second quarter valued at approximately $25,000. WFA of San Diego LLC purchased a new position in Marathon Petroleum during the second quarter worth approximately $33,000. Transce3nd LLC boosted its stake in Marathon Petroleum by 10,250.0% during the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company's stock worth $34,000 after buying an additional 205 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Marathon Petroleum during the second quarter worth $38,000. Finally, IAG Wealth Partners LLC purchased a new stake in Marathon Petroleum in the 3rd quarter valued at $39,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Trading Up 0.0%

MPC opened at $232.63 on Tuesday. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $242.98. The company has a market cap of $68.51 billion, a P/E ratio of 17.43, a PEG ratio of 1.39 and a beta of 0.69. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26. The business's 50-day simple moving average is $200.16 and its 200-day simple moving average is $190.59.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.73 by $0.34. The firm had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. As a group, equities research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, February 18th. Marathon Petroleum's payout ratio is 29.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Jefferies Financial Group lowered their price objective on Marathon Petroleum from $216.00 to $205.00 and set a "buy" rating for the company in a research report on Monday, January 26th. Barclays reduced their target price on Marathon Petroleum from $202.00 to $194.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 13th. The Goldman Sachs Group increased their price target on Marathon Petroleum from $211.00 to $239.00 and gave the stock a "buy" rating in a report on Thursday, March 12th. BMO Capital Markets boosted their price objective on shares of Marathon Petroleum from $225.00 to $230.00 and gave the company an "outperform" rating in a report on Tuesday, March 3rd. Finally, TD Cowen upped their target price on shares of Marathon Petroleum from $183.00 to $198.00 and gave the company a "buy" rating in a research report on Wednesday, February 4th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $205.44.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of the firm's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total value of $406,851.80. Following the completion of the sale, the insider owned 10,188 shares of the company's stock, valued at approximately $2,290,058.64. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 4,473 shares of company stock worth $1,015,428 over the last three months. Corporate insiders own 0.17% of the company's stock.

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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