Asset One Wealth Management LLC Takes Position in Marathon Petroleum Corporation $MPC

Asset One Wealth Management LLC bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPCFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,276 shares of the oil and gas company’s stock, valued at approximately $3,056,000.

Several other hedge funds have also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV raised its position in shares of Marathon Petroleum by 2.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,050 shares of the oil and gas company’s stock valued at $333,000 after buying an additional 51 shares in the last quarter. IFG Advisory LLC raised its position in shares of Marathon Petroleum by 1.5% during the 4th quarter. IFG Advisory LLC now owns 3,429 shares of the oil and gas company’s stock valued at $558,000 after buying an additional 51 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its holdings in Marathon Petroleum by 1.2% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 4,357 shares of the oil and gas company’s stock valued at $709,000 after purchasing an additional 52 shares during the last quarter. Auxano Advisors LLC grew its holdings in Marathon Petroleum by 2.1% during the 4th quarter. Auxano Advisors LLC now owns 2,630 shares of the oil and gas company’s stock valued at $428,000 after purchasing an additional 55 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Marathon Petroleum by 0.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 10,287 shares of the oil and gas company’s stock valued at $1,673,000 after purchasing an additional 57 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $244.63 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73. The company has a market capitalization of $71.42 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.38 and a beta of 0.52. The company’s 50-day simple moving average is $244.99 and its two-hundred day simple moving average is $213.77. Marathon Petroleum Corporation has a one year low of $158.00 and a one year high of $272.46.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its earnings results 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 business had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) EPS. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 31.95 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Key Headlines Impacting Marathon Petroleum

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

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. This represents a 27.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MPC shares. UBS Group set a $285.00 price target on shares of Marathon Petroleum in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Raymond James Financial upped their price target on shares of Marathon Petroleum from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Citigroup upped their price target on shares of Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $272.94.

Check Out Our Latest Stock Analysis on Marathon Petroleum

About Marathon Petroleum

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

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