Hara Capital LLC Grows Position in Marathon Petroleum Corporation (NYSE:MPC)

Hara Capital LLC lifted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 73,333.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,203 shares of the oil and gas company's stock after purchasing an additional 2,200 shares during the quarter. Hara Capital LLC's holdings in Marathon Petroleum were worth $321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Buckley Wealth Management LLC increased its stake in Marathon Petroleum by 0.5% in the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company's stock valued at $1,998,000 after acquiring an additional 75 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its position in shares of Marathon Petroleum by 1.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock worth $928,000 after buying an additional 76 shares during the last quarter. Intact Investment Management Inc. lifted its position in shares of Marathon Petroleum by 19.0% during the 4th quarter. Intact Investment Management Inc. now owns 500 shares of the oil and gas company's stock worth $70,000 after buying an additional 80 shares during the last quarter. Valmark Advisers Inc. raised its stake in Marathon Petroleum by 2.3% during the first quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock worth $554,000 after acquiring an additional 86 shares in the last quarter. Finally, Southland Equity Partners LLC raised its stake in Marathon Petroleum by 6.2% during the first quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company's stock worth $226,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Down 0.6%

MPC traded down $1.15 during trading on Friday, reaching $181.11. 989,110 shares of the stock traded hands, compared to its average volume of 2,702,692. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $55.64 billion, a PE ratio of 25.47, a P/E/G ratio of 3.52 and a beta of 0.88. The stock's 50-day moving average is $162.98 and its 200 day moving average is $149.59. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.49.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 earnings per share. Equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 51.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MPC shares. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Wells Fargo & Company raised their target price on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday. UBS Group increased their price target on Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley lowered their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, TD Cowen upped their target price on Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $184.38.

Insider Activity

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction 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 owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Company 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.