Los Angeles Capital Management LLC Buys 32,068 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Los Angeles Capital Management LLC grew its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 1,700.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 33,954 shares of the oil and gas company's stock after buying an additional 32,068 shares during the quarter. Los Angeles Capital Management LLC's holdings in Marathon Petroleum were worth $4,947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MPC. Brighton Jones LLC lifted its holdings in Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after buying an additional 1,178 shares during the period. GHE LLC lifted its stake in shares of Marathon Petroleum by 1.8% in the 4th quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock valued at $5,381,000 after purchasing an additional 665 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at approximately $234,000. Millstone Evans Group LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at approximately $55,000. Finally, Summit Global Investments lifted its stake in shares of Marathon Petroleum by 115.6% in the 4th quarter. Summit Global Investments now owns 2,969 shares of the oil and gas company's stock valued at $414,000 after purchasing an additional 1,592 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore ISI assumed coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 target price for the company. Wolfe Research cut Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. UBS Group raised their target price on Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Raymond James Financial restated an "outperform" rating and issued a $200.00 target price (up previously from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th. Finally, TD Cowen raised their price objective on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of "Hold" and a consensus target price of $183.93.

Insider Activity

In other news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares in the company, valued at $3,315,200. This trade represents a 28.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Stock Down 3.1%

Shares of Marathon Petroleum stock traded down $5.46 on Thursday, reaching $172.08. The company's stock had a trading volume of 1,563,103 shares, compared to its average volume of 2,756,282. The company has a market capitalization of $52.87 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 3.39 and a beta of 0.88. The firm's fifty day simple moving average is $167.38 and its two-hundred day simple moving average is $151.93. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.31. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS 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 analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend yield of 2.12%. Marathon Petroleum's dividend payout ratio (DPR) is currently 51.20%.

Marathon Petroleum 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.