Henrickson Nauta Wealth Advisors Inc. Grows Position in Marathon Petroleum Corporation $MPC

Henrickson Nauta Wealth Advisors Inc. raised its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 87.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,319 shares of the oil and gas company’s stock after purchasing an additional 3,890 shares during the quarter. Henrickson Nauta Wealth Advisors Inc.’s holdings in Marathon Petroleum were worth $1,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPC. Delos Wealth Advisors LLC purchased a new stake in shares of Marathon Petroleum during the second quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marathon Petroleum in the third quarter worth $39,000. IAG Wealth Partners LLC purchased a new position in Marathon Petroleum during the third quarter valued at approximately $39,000. WFA of San Diego LLC purchased a new position in Marathon Petroleum in the second quarter valued at $33,000. Finally, Transce3nd LLC boosted its stake in shares of Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Activity

In other news, insider Ricky D. Hessling sold 1,626 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares of the company’s stock, valued at $1,717,054.50. This represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 4,473 shares of company stock worth $1,015,428 over the last ninety days. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MPC. Wall Street Zen upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Barclays lowered their price target on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $211.00 to $239.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Raymond James Financial upped their target price on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Finally, Mizuho increased their target price on Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.44.

Marathon Petroleum Trading Down 1.2%

Shares of Marathon Petroleum stock opened at $232.91 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $242.98. The firm has a market capitalization of $68.59 billion, a PE ratio of 17.45, a P/E/G ratio of 1.39 and a beta of 0.69. The firm’s 50-day moving average price is $199.02 and its 200 day moving average price is $190.14.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The company had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. During the same period in the previous year, the business earned $0.77 EPS. Marathon Petroleum’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th were issued a $1.00 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.7%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 29.96%.

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.