Oak Thistle LLC Makes New $464,000 Investment in Marathon Petroleum Corporation (NYSE:MPC)

Oak Thistle LLC bought a new position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,187 shares of the oil and gas company's stock, valued at approximately $464,000.

Several other hedge funds also recently bought and sold shares of MPC. Brighton Jones LLC increased its position 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 purchasing an additional 1,178 shares during the last quarter. GHE LLC increased its position in Marathon Petroleum by 1.8% in the 4th quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock worth $5,381,000 after purchasing an additional 665 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Marathon Petroleum in the 4th quarter worth about $234,000. Congress Wealth Management LLC DE acquired a new position in Marathon Petroleum in the 4th quarter worth about $360,000. Finally, EntryPoint Capital LLC acquired a new position in Marathon Petroleum in the 4th quarter worth about $238,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

NYSE:MPC traded up $2.11 during mid-day trading on Monday, hitting $173.68. 173,408 shares of the company's stock traded hands, compared to its average volume of 2,735,686. The firm has a 50 day moving average of $167.65 and a two-hundred day moving average of $152.49. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31. The firm has a market capitalization of $53.36 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. 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 (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 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 firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the prior year, the company earned $2.58 EPS. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given 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 2.10%. Marathon Petroleum's dividend payout ratio is currently 51.20%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MPC shares. Wells Fargo & Company increased their price objective on Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. UBS Group increased their price target on Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a research report on Friday, July 11th. Morgan Stanley boosted their price objective on shares of Marathon Petroleum from $160.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial restated an "outperform" rating and issued a $200.00 price objective (up from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $183.93.

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.