Inscription Capital LLC Invests $377,000 in Marathon Petroleum Corporation (NYSE:MPC)

Inscription Capital LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,589 shares of the oil and gas company's stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MPC. Grove Bank & Trust grew its holdings in Marathon Petroleum by 11.7% during the first quarter. Grove Bank & Trust now owns 3,006 shares of the oil and gas company's stock valued at $438,000 after purchasing an additional 315 shares during the period. Sowell Financial Services LLC bought a new position in shares of Marathon Petroleum in the first quarter worth about $1,521,000. Northstar Group Inc. purchased a new position in shares of Marathon Petroleum during the 1st quarter valued at about $221,000. Brown Miller Wealth Management LLC bought a new position in shares of Marathon Petroleum during the 1st quarter valued at approximately $382,000. Finally, Brighton Jones LLC increased its holdings in Marathon Petroleum by 21.8% in the 1st quarter. Brighton Jones LLC now owns 6,076 shares of the oil and gas company's stock worth $885,000 after acquiring an additional 1,088 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Barclays upped their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Wells Fargo & Company increased their price target on Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Raymond James Financial lowered their price objective on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Scotiabank dropped their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $176.21.

Marathon Petroleum Price Performance

MPC stock opened at $170.07 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31. The stock has a market cap of $52.25 billion, a PE ratio of 23.92, a P/E/G ratio of 3.29 and a beta of 0.89. The company has a 50-day moving average price of $149.22 and a 200 day moving average price of $146.55.

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

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were paid a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.14%. Marathon Petroleum's payout ratio is 51.20%.

About Marathon Petroleum

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.

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