Silver Oak Securities Incorporated Buys New Stake in Marathon Petroleum Corporation (NYSE:MPC)

Silver Oak Securities Incorporated bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,355 shares of the oil and gas company's stock, valued at approximately $339,000.

Several other hedge funds also recently bought and sold shares of MPC. Wellington Management Group LLP boosted its stake in shares of Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after acquiring an additional 4,367,774 shares during the last quarter. Demars Financial Group LLC lifted its holdings in Marathon Petroleum by 16,338.3% in the 4th 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 purchasing an additional 4,151,722 shares in the last quarter. Norges Bank acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth about $453,427,000. GAMMA Investing LLC grew its holdings in shares of 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 worth $224,503,000 after buying an additional 1,530,737 shares in the last quarter. Finally, Boston Partners raised its position in shares of Marathon Petroleum by 37.4% in 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 buying an additional 935,042 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Down 1.6%

Shares of NYSE:MPC opened at $167.37 on Friday. The company has a market capitalization of $51.42 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 3.30 and a beta of 0.89. The company has a 50 day moving average of $150.86 and a two-hundred day moving average of $146.77. 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 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 net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same period in the prior year, the firm earned $2.58 earnings per share. The business's quarterly revenue was down 4.1% compared to the same quarter last year. As a group, analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MPC shares. Morgan Stanley decreased their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Scotiabank decreased their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Barclays upped their target price on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Raymond James Financial decreased their price target on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Mizuho upped their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus target price of $175.80.

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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