MSH Capital Advisors LLC Purchases New Shares in Marathon Petroleum Corporation $MPC

MSH Capital Advisors LLC acquired a new position in Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,833 shares of the oil and gas company’s stock, valued at approximately $469,000.

Several other large investors also recently made changes to their positions in the business. Live Oak Investment Partners acquired a new stake in shares of Marathon Petroleum in the second quarter valued at $707,000. Frazier Financial Advisors LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at about $36,000. Edmond DE Rothschild Holding S.A. acquired a new position in Marathon Petroleum during the 2nd quarter worth about $226,000. Geneva Partners LLC acquired a new position in Marathon Petroleum during the 2nd quarter worth about $5,696,000. Finally, Uptick Partners LLC bought a new stake in Marathon Petroleum during the 2nd quarter worth about $2,185,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $361.02 on Thursday. The firm has a market cap of $105.40 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.24 and a beta of 0.52. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $367.24. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The stock has a 50-day moving average price of $293.31 and a 200 day moving average price of $252.19.

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

Marathon Petroleum Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, August 19th. Marathon Petroleum’s payout ratio is 13.75%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. The trade was a 16.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. The trade was a 27.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the subject of several research reports. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Jefferies Financial Group set a $335.00 target price on shares of Marathon Petroleum and gave the stock a “buy” rating in a research report on Sunday, July 12th. Evercore set a $330.00 price target on shares of Marathon Petroleum in a research note on Wednesday, August 5th. UBS Group reissued a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a report on Friday, July 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $312.50.

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.