6,300 Shares in Marathon Petroleum Corporation $MPC Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPCFree Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,300 shares of the oil and gas company’s stock, valued at approximately $1,025,000.

A number of other hedge funds have also recently made changes to their positions in MPC. Assenagon Asset Management S.A. lifted its stake in shares of Marathon Petroleum by 332.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 320,499 shares of the oil and gas company’s stock worth $52,123,000 after purchasing an additional 246,384 shares during the last quarter. Merewether Investment Management LP purchased a new stake in Marathon Petroleum in the second quarter valued at about $35,548,000. Amundi raised its stake in Marathon Petroleum by 11.8% in the third quarter. Amundi now owns 1,626,862 shares of the oil and gas company’s stock valued at $314,830,000 after buying an additional 172,172 shares during the last quarter. Boston Partners raised its stake in Marathon Petroleum by 2.3% in the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after buying an additional 141,691 shares during the last quarter. Finally, Credit Agricole S A purchased a new stake in Marathon Petroleum in the third quarter valued at about $20,370,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum News Summary

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

Marathon Petroleum Stock Up 0.3%

Shares of MPC stock opened at $246.77 on Monday. The stock’s 50-day simple moving average is $226.00 and its 200-day simple moving average is $199.59. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26. The firm has a market capitalization of $72.67 billion, a PE ratio of 18.48, a P/E/G ratio of 0.36 and a beta of 0.53. Marathon Petroleum Corporation has a fifty-two week low of $137.30 and a fifty-two week high of $255.77.

Marathon Petroleum (NYSE:MPCGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $32.57 billion for the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. Equities analysts expect that Marathon Petroleum Corporation will post 26.3 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Marathon Petroleum’s dividend payout ratio is currently 29.96%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MPC. Morgan Stanley increased their price target on Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Raymond James Financial increased their price target on Marathon Petroleum from $210.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Mizuho increased their price target on Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. TD Cowen increased their price target on Marathon Petroleum from $198.00 to $299.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Finally, Scotiabank increased their price target on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. One 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $241.81.

Get Our Latest Stock Analysis on MPC

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,810 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total value of $406,851.80. Following the transaction, the insider directly owned 10,188 shares of the company’s stock, valued at approximately $2,290,058.64. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 4,473 shares of company stock valued at $1,015,428 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum Company 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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