Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Islay Capital Management LLC

Islay Capital Management LLC raised its holdings in Marathon Petroleum Co. (NYSE:MPC) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,855 shares of the oil and gas company’s stock after purchasing an additional 442 shares during the quarter. Marathon Petroleum accounts for about 1.0% of Islay Capital Management LLC’s holdings, making the stock its 26th biggest position. Islay Capital Management LLC’s holdings in Marathon Petroleum were worth $1,314,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MPC. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Marathon Petroleum in the 3rd quarter valued at approximately $109,099,000. Acadian Asset Management LLC raised its holdings in Marathon Petroleum by 127.0% in the 3rd quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock valued at $186,536,000 after acquiring an additional 689,576 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Marathon Petroleum by 256.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 884,573 shares of the oil and gas company’s stock valued at $131,235,000 after acquiring an additional 636,281 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Marathon Petroleum by 248.1% in the 4th quarter. International Assets Investment Management LLC now owns 608,888 shares of the oil and gas company’s stock valued at $90,335,000 after acquiring an additional 433,977 shares during the last quarter. Finally, Korea Investment CORP raised its holdings in Marathon Petroleum by 61.9% in the 3rd quarter. Korea Investment CORP now owns 662,266 shares of the oil and gas company’s stock valued at $100,227,000 after acquiring an additional 253,321 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded down $14.36 on Tuesday, hitting $186.15. 3,264,508 shares of the company were exchanged, compared to its average volume of 2,752,661. The company’s 50 day moving average price is $193.00 and its two-hundred day moving average price is $167.44. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. The firm has a market capitalization of $67.08 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.61 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same quarter in the previous year, the firm posted $6.65 EPS. The business’s revenue was down 8.9% compared to the same quarter last year. Research analysts expect that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.825 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of 1.77%. Marathon Petroleum’s payout ratio is 14.02%.

Wall Street Analyst Weigh In

MPC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Wells Fargo & Company increased their price target on shares of Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Barclays increased their price target on shares of Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Citigroup started coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Finally, Raymond James increased their price objective on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.77.

Insider Activity at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the sale, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

About Marathon Petroleum

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.