Marathon Petroleum Corporation $MPC Shares Acquired by Denali Advisors LLC

Denali Advisors LLC lifted its stake in shares of Marathon Petroleum Corporation (NYSE:MPCFree Report) by 123.1% during the fourth quarter, Holdings Channel reports. The fund owned 8,715 shares of the oil and gas company’s stock after purchasing an additional 4,809 shares during the quarter. Denali Advisors LLC’s holdings in Marathon Petroleum were worth $1,417,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Alberta Investment Management Corp purchased a new position in Marathon Petroleum during the third quarter worth about $2,891,000. Diversified Trust Co. lifted its position in Marathon Petroleum by 39.3% during the fourth quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock worth $2,549,000 after buying an additional 4,419 shares during the period. First Interstate Bank purchased a new position in Marathon Petroleum during the third quarter worth about $5,050,000. Aster Capital Management DIFC Ltd purchased a new position in Marathon Petroleum during the third quarter worth about $1,004,000. Finally, KKM Financial LLC lifted its position in Marathon Petroleum by 27.6% during the third quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock worth $5,050,000 after buying an additional 5,661 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Morgan Stanley increased their target price on Marathon Petroleum from $200.00 to $233.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. UBS Group set a $285.00 target price on Marathon Petroleum in a research report on Wednesday. BMO Capital Markets raised their price objective on Marathon Petroleum from $230.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Barclays raised their price objective on Marathon Petroleum from $230.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $257.25.

Check Out Our Latest Analysis on MPC

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $245.02 on Friday. The stock’s 50-day moving average is $229.28 and its 200-day moving average is $200.99. The company has a market cap of $71.53 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.35 and a beta of 0.53. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.74. Marathon Petroleum Corporation has a 12 month low of $149.65 and a 12 month high of $261.61.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted ($0.24) EPS. Equities analysts anticipate that Marathon Petroleum Corporation will post 28.83 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,626 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $228.18, for a total transaction of $371,020.68. Following the sale, the insider directly owned 7,525 shares in the company, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 4,473 shares of company stock worth $1,015,428. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum News Summary

Here are the key news stories impacting Marathon Petroleum this week:

Marathon Petroleum 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.

Further Reading

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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