1,838 Shares in Marathon Petroleum Corporation $MPC Acquired by Philadelphia Investment Partners LLC

Philadelphia Investment Partners LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,838 shares of the oil and gas company’s stock, valued at approximately $655,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Solstein Capital LLC acquired a new stake in Marathon Petroleum in the second quarter worth $26,000. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum during the second quarter valued at $27,000. Navalign LLC bought a new position in shares of Marathon Petroleum during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the fourth quarter worth about $31,000. Finally, Berbice Capital Management LLC increased its holdings in shares of Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 100 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. The Goldman Sachs Group raised their price target on shares of Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Citigroup lifted their price target on Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $344.00 to $359.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Bank of America increased their price objective on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $312.50.

Insider Buying and Selling

In related news, insider Molly R. Benson sold 17,196 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider owned 30,334 shares of the company’s stock, valued at $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,032 shares of company stock valued at $8,744,213 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Performance

MPC stock opened at $362.70 on Thursday. The company has a 50-day simple moving average of $303.95 and a 200 day simple moving average of $258.31. The company has a market capitalization of $105.89 billion, a P/E ratio of 12.47, a PEG ratio of 0.23 and a beta of 0.52. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $367.60.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. Marathon Petroleum’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the company earned $3.96 EPS. Sell-side analysts predict that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid 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 (DPR) is currently 13.75%.

Marathon Petroleum Company Profile

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.