Railway Pension Investments Ltd Makes New Investment in Marathon Petroleum Corporation $MPC

Railway Pension Investments Ltd acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,200 shares of the oil and gas company's stock, valued at approximately $3,886,000.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Marathon Petroleum in the second quarter valued at $6,648,958,000. Bank of New York Mellon Corp acquired a new stake in Marathon Petroleum during the 2nd quarter worth about $1,029,611,000. Norges Bank purchased a new position in Marathon Petroleum during the 4th quarter valued at about $472,312,000. Bank of America Corp DE acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $621,832,000. Finally, Capital Wealth Planning LLC lifted its position in shares of Marathon Petroleum by 49,392.0% in the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company's stock worth $245,157,000 after purchasing an additional 1,495,097 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Stock Up 1.5%

Shares of MPC opened at $374.48 on Tuesday. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $376.56. The firm has a market capitalization of $109.33 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.24 and a beta of 0.52. The company has a 50-day simple moving average of $311.41 and a 200-day simple moving average of $261.80. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating the consensus estimate of $14.27 by $3.46. The business had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm's revenue was up 53.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.96 EPS. On average, equities research analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. Marathon Petroleum's dividend payout ratio (DPR) is 13.75%.

Insiders Place Their Bets

In other Marathon Petroleum news, SVP Shawn M. Lyon sold 2,500 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares in the company, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Erin M. Brzezinski sold 570 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the transaction, the vice president directly owned 1,576 shares of the company's stock, valued at approximately $571,757.04. This represents a 26.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,602 shares of company stock valued at $8,951,004. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MPC has been the topic of several research reports. Mizuho upped their price objective on shares of Marathon Petroleum from $284.00 to $304.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. Jefferies Financial Group set a $335.00 price objective on Marathon Petroleum and gave the stock a "buy" rating in a report on Sunday, July 12th. Bank of America boosted their target price on Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. TD Cowen raised their price target on Marathon Petroleum from $357.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group boosted their price target on Marathon Petroleum from $291.00 to $376.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus target price of $312.50.

About Marathon Petroleum

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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