Poinciana Advisors Group LLC Takes $214,000 Position in Marathon Petroleum Corporation (NYSE:MPC)

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

A number of other large investors also recently bought and sold shares of MPC. Brighton Jones LLC grew its position in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock valued at $696,000 after acquiring an additional 1,178 shares during the period. GHE LLC grew its holdings in shares of Marathon Petroleum by 1.8% during 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 period. Proficio Capital Partners LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $234,000. Daiwa Securities Group Inc. raised its holdings in Marathon Petroleum by 1.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 43,098 shares of the oil and gas company's stock valued at $6,012,000 after buying an additional 822 shares during the period. Finally, Independent Advisor Alliance lifted its position in Marathon Petroleum by 28.9% during the fourth quarter. Independent Advisor Alliance now owns 9,252 shares of the oil and gas company's stock valued at $1,291,000 after buying an additional 2,075 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was 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 of the company's stock, 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 the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MPC has been the subject of several recent research reports. Raymond James Financial reissued a "strong-buy" rating on shares of Marathon Petroleum in a research report on Monday, June 30th. 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. Mizuho raised their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Morgan Stanley decreased their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Evercore ISI started coverage on Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $184.38.

Marathon Petroleum Stock Down 1.3%

Shares of Marathon Petroleum stock traded down $2.45 on Friday, hitting $179.81. 4,388,192 shares of the company's stock traded hands, compared to its average volume of 2,719,877. 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. The stock has a market cap of $55.24 billion, a P/E ratio of 25.29, a PEG ratio of 3.59 and a beta of 0.88. The firm's 50-day moving average is $163.74 and its 200 day moving average is $150.10.

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

Marathon Petroleum Announces Dividend

The company 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. This represents a $3.64 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 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.