Texas Yale Capital Corp. Has $1.72 Million Holdings in Marathon Petroleum Corporation (NYSE:MPC)

Key Points

• Texas Yale Capital Corp. increased its holdings in Marathon Petroleum Corporation by 169.2% in the first quarter, now owning 11,805 shares worth $1.72 million.
• Institutional investors hold approximately 76.77% of Marathon Petroleum's stock, indicating strong institutional interest.
• Citigroup raised its price target for Marathon Petroleum from $144.00 to $182.00, while maintaining a "neutral" rating on the stock.

Texas Yale Capital Corp. boosted its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 169.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,805 shares of the oil and gas company's stock after buying an additional 7,420 shares during the quarter. Texas Yale Capital Corp.'s holdings in Marathon Petroleum were worth $1,720,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Resolute Wealth Strategies LLC boosted its stake in Marathon Petroleum by 4.5% in the first quarter. Resolute Wealth Strategies LLC now owns 2,302 shares of the oil and gas company's stock valued at $335,000 after buying an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Marathon Petroleum by 3.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 154,476 shares of the oil and gas company's stock valued at $22,506,000 after buying an additional 5,268 shares in the last quarter. Accretive Wealth Partners LLC boosted its stake in Marathon Petroleum by 6.0% in the first quarter. Accretive Wealth Partners LLC now owns 17,608 shares of the oil and gas company's stock valued at $2,545,000 after buying an additional 992 shares in the last quarter. Empirical Finance LLC boosted its stake in Marathon Petroleum by 1.4% in the first quarter. Empirical Finance LLC now owns 18,238 shares of the oil and gas company's stock valued at $2,657,000 after buying an additional 259 shares in the last quarter. Finally, Bearing Point Capital LLC acquired a new stake in Marathon Petroleum in the first quarter valued at about $251,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 transaction of $1,293,600.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on MPC. Citigroup raised their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Wolfe Research downgraded Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Scotiabank reiterated an "outperform" rating on shares of Marathon Petroleum in a research report on Friday, July 11th. Mizuho increased their target price on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, 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 for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $183.93.

Marathon Petroleum Price Performance

Shares of MPC opened at $171.64 on Monday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The company has a market capitalization of $52.73 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The business has a 50-day moving average of $167.65 and a 200-day moving average of $152.49.

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

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were paid a dividend of $0.91 per share. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.12%. Marathon Petroleum's dividend payout ratio is currently 51.20%.

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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