Lee Johnson Capital Management LLC Purchases Shares of 13,172 Marathon Petroleum Corporation $MPC

Lee Johnson Capital Management LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,172 shares of the oil and gas company’s stock, valued at approximately $2,539,000.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares in the last quarter. State of Wyoming acquired a new stake in shares of Marathon Petroleum during the 1st quarter worth about $187,000. Evergreen Capital Management LLC boosted its stake in shares of Marathon Petroleum by 8.0% during the 1st quarter. Evergreen Capital Management LLC now owns 3,365 shares of the oil and gas company’s stock worth $490,000 after purchasing an additional 248 shares during the last quarter. Vident Advisory LLC raised its position in shares of Marathon Petroleum by 0.7% in the first quarter. Vident Advisory LLC now owns 15,721 shares of the oil and gas company’s stock valued at $2,291,000 after buying an additional 115 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its stake in shares of Marathon Petroleum by 125.1% during the first quarter. Nomura Holdings Inc. now owns 5,892 shares of the oil and gas company’s stock valued at $858,000 after buying an additional 29,371 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.1%

NYSE:MPC opened at $163.82 on Wednesday. The business’s 50-day moving average is $187.03 and its two-hundred day moving average is $180.28. The firm has a market capitalization of $49.24 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $202.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating the consensus estimate of $3.00 by $0.01. The business had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. Research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Marathon Petroleum’s dividend payout ratio is presently 42.64%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MPC. Morgan Stanley lifted their price objective on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Marathon Petroleum from $183.00 to $211.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. UBS Group lifted their target price on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a report on Friday, September 26th. Barclays upped their price target on Marathon Petroleum from $194.00 to $202.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Finally, Mizuho set a $196.00 price objective on Marathon Petroleum in a research note on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Marathon Petroleum has a consensus rating of “Hold” and a consensus price target of $203.07.

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.