Poinciana Advisors Group LLC Makes New $214,000 Investment in Marathon Petroleum Corporation (NYSE:MPC)

Poinciana Advisors Group LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,466 shares of the oil and gas company's stock, valued at approximately $214,000.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in Marathon Petroleum by 78.1% during the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock worth $1,389,630,000 after buying an additional 4,367,774 shares during the last quarter. Demars Financial Group LLC boosted its stake in Marathon Petroleum by 16,338.3% during the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after buying an additional 4,151,722 shares in the last quarter. Norges Bank bought a new position in Marathon Petroleum during the fourth quarter valued at about $453,427,000. GAMMA Investing LLC boosted its stake in Marathon Petroleum by 14,969.1% during the first quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company's stock valued at $224,503,000 after buying an additional 1,530,737 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Marathon Petroleum by 37.4% during the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock valued at $480,501,000 after purchasing an additional 935,042 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MPC shares. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Evercore ISI started coverage on Marathon Petroleum in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 target price on the stock. TD Cowen increased their price target on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Morgan Stanley lowered their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Barclays raised their target price on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $176.13.

Marathon Petroleum Trading Down 0.2%

Shares of MPC opened at $179.52 on Thursday. The stock has a fifty day moving average price of $162.09 and a two-hundred day moving average price of $149.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a market cap of $55.15 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 3.47 and a beta of 0.88.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released 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 company 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 quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.58 earnings per share. Analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.03%. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction dated 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 represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company's stock.

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.

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