Focus Partners Advisor Solutions LLC Takes $3.79 Million Position in Marathon Petroleum Corporation $MPC

Key Points

• Focus Partners Advisor Solutions acquired 14,841 Marathon Petroleum shares worth approximately $3.79 million during the second quarter. Institutional investors collectively own 76.77% of MPC’s outstanding stock.
• Marathon Petroleum reported quarterly EPS of $17.73, exceeding the $14.27 consensus estimate, 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 annually, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $312.50.

Focus Partners Advisor Solutions LLC purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 14,841 shares of the oil and gas company's stock, valued at approximately $3,795,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $472,312,000. Capital Wealth Planning LLC lifted its holdings in shares of Marathon Petroleum by 49,392.0% in the 4th quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company's stock worth $245,157,000 after purchasing an additional 1,495,097 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Marathon Petroleum by 3,816.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company's stock worth $212,517,000 after purchasing an additional 1,273,386 shares in the last quarter. GHE LLC grew its position in Marathon Petroleum by 1,939.8% in the 1st quarter. GHE LLC now owns 649,542 shares of the oil and gas company's stock valued at $158,605,000 after purchasing an additional 617,699 shares during the period. Finally, Man Group plc grew its position in Marathon Petroleum by 2,175.0% in the 4th quarter. Man Group plc now owns 568,790 shares of the oil and gas company's stock valued at $92,502,000 after purchasing an additional 543,788 shares during the period. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $355.61 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The stock's fifty day simple moving average is $287.31 and its two-hundred day simple moving average is $247.66. Marathon Petroleum Corporation has a 1-year low of $160.87 and a 1-year high of $360.10. The stock has a market cap of $103.82 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52.

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

Marathon Petroleum Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on MPC shares. Bank of America upped their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Evercore set a $330.00 price objective on shares of Marathon Petroleum in a report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $344.00 to $359.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. UBS Group restated a "buy" rating and issued a $321.00 target price on shares of Marathon Petroleum in a report on Friday, July 10th. Finally, Wall Street Zen raised shares of Marathon Petroleum from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 10th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $312.50.

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company's stock.

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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