Trivium Point Advisory LLC purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,741 shares of the oil and gas company's stock, valued at approximately $1,468,000.
Several other large investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in Marathon Petroleum by 3.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company's stock worth $329,000 after acquiring an additional 40 shares during the period. Equitable Trust Co. lifted its holdings in shares of Marathon Petroleum by 1.6% during the 1st quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company's stock valued at $644,000 after purchasing an additional 42 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in Marathon Petroleum by 0.4% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company's stock worth $2,411,000 after purchasing an additional 42 shares during the period. Wellington Grp LLC lifted its stake in Marathon Petroleum by 9.6% in the 1st quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company's stock valued at $126,000 after acquiring an additional 45 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Marathon Petroleum by 2.2% during the second quarter. Avior Wealth Management LLC now owns 2,108 shares of the oil and gas company's stock worth $539,000 after acquiring an additional 46 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on MPC shares. Jefferies Financial Group set a $335.00 price target on Marathon Petroleum and gave the company a "buy" rating in a research note on Sunday, July 12th. The Goldman Sachs Group raised their price target on shares of Marathon Petroleum from $291.00 to $376.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their price target on shares of Marathon Petroleum from $344.00 to $359.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Raymond James Financial boosted their price objective on Marathon Petroleum from $300.00 to $335.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Finally, Evercore set a $330.00 price objective on Marathon Petroleum in a research note on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $312.50.
Check Out Our Latest Research Report on Marathon Petroleum
Insider Activity at Marathon Petroleum
In related news, VP Michael A. Henschen II sold 6,336 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president owned 16,900 shares of the company's stock, valued at $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.17% of the company's stock.
Marathon Petroleum Price Performance
Marathon Petroleum stock opened at $355.61 on Monday. The business has a 50-day simple moving average of $287.31 and a 200 day simple moving average of $248.19. The stock has a market cap of $103.82 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.23 and a beta of 0.52. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 52 week low of $160.87 and a 52 week high of $360.10.
Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping analysts' consensus estimates of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter in the previous year, the company posted $3.96 EPS. Marathon Petroleum's quarterly revenue was up 53.5% compared to the same quarter last year. On average, research analysts forecast that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.
Marathon Petroleum Dividend Announcement
The company 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 13.75%.
Marathon Petroleum Company Profile
(
Free Report)
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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