WealthShield Partners LLC Makes New Investment in Marathon Petroleum Corporation $MPC

Key Points

• WealthShield Partners purchased 7,317 Marathon Petroleum shares during the second quarter, valued at approximately $1.87 million. Institutional investors and hedge funds collectively own 76.77% of MPC.
• Analysts remain broadly positive, with 12 Buy ratings and six Holds; MPC has a consensus “Moderate Buy” rating and an average price target of $312.50.
• Marathon Petroleum reported quarterly EPS of $17.73, exceeding the $14.27 consensus estimate, while revenue rose 53.5% year over year to $51.99 billion. The company also declared a $1.00 quarterly dividend, equal to a 1.1% annualized yield.

WealthShield Partners LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,317 shares of the oil and gas company's stock, valued at approximately $1,871,000.

Several other large investors have also modified their holdings of MPC. Bell Investment Advisors Inc purchased a new position in Marathon Petroleum during the second quarter worth $27,000. Navalign LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter valued at $31,000. Berbice Capital Management LLC lifted its position in shares of Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Finally, WFA of San Diego LLC acquired a new stake in shares of Marathon Petroleum during the second quarter valued at $33,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on MPC shares. Bank of America lifted their price objective on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. UBS Group restated a "buy" rating and issued a $321.00 target price on shares of Marathon Petroleum in a report on Friday, July 10th. JPMorgan Chase & Co. raised their price target on shares of Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Morgan Stanley boosted their price objective on shares of Marathon Petroleum from $233.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Finally, Citigroup upped their price objective on shares of Marathon Petroleum from $303.00 to $318.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $312.50.

Insider Buying and Selling at Marathon Petroleum

In related news, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares of the company's stock, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, valued at $4,543,058. The trade was a 27.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.17% of the company's stock.

Marathon Petroleum Price Performance

MPC opened at $362.18 on Friday. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $367.60. The company's 50 day simple moving average is $297.25 and its 200 day simple moving average is $254.23. The stock has a market capitalization of $105.73 billion, a PE ratio of 12.45, a P/E/G ratio of 0.23 and a beta of 0.52. 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 quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion during 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%. Marathon Petroleum's revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.96 earnings per share. As a group, sell-side analysts expect that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. 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 is presently 13.75%.

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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