2,836 Shares in Marathon Petroleum Corporation $MPC Bought by State of Wyoming

State of Wyoming bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,836 shares of the oil and gas company’s stock, valued at approximately $725,000.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its position in Marathon Petroleum by 0.3% during the fourth quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock worth $2,916,660,000 after acquiring an additional 47,896 shares during the last quarter. Boston Partners grew its position in shares of 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 purchasing an additional 141,691 shares during the last quarter. Norges Bank purchased a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $472,312,000. Charles Schwab Investment Management Inc. increased its stake in shares of Marathon Petroleum by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,818,361 shares of the oil and gas company’s stock worth $458,350,000 after purchasing an additional 11,693 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Marathon Petroleum by 2.7% during the 4th quarter. Invesco Ltd. now owns 2,600,191 shares of the oil and gas company’s stock worth $422,869,000 after purchasing an additional 67,600 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insiders Place Their Bets

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

Marathon Petroleum Stock Up 0.1%

MPC stock opened at $355.61 on Monday. The company has a 50 day moving average price of $287.31 and a two-hundred day moving average price of $248.19. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The stock has a market capitalization of $103.82 billion, a P/E ratio of 12.22, a PEG ratio of 0.23 and a beta of 0.52. Marathon Petroleum Corporation has a one year low of $160.87 and a one year high of $360.10.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same quarter in the prior year, the company posted $3.96 EPS. The business’s revenue for the quarter was up 53.5% compared to the same quarter last year. As a group, sell-side analysts expect that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MPC shares. Mizuho increased their target price on Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Scotiabank upped their price objective on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Citigroup increased their price objective on Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group set a $335.00 price objective on Marathon Petroleum and gave the stock a “buy” rating in a research report on Sunday, July 12th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.50.

About Marathon Petroleum

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.