Compass Financial Management LLC Makes New Investment in Marathon Petroleum Corporation $MPC

Compass Financial Management LLC acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,706 shares of the oil and gas company’s stock, valued at approximately $774,000.

Several other large investors have also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new position in Marathon Petroleum during the 2nd quarter worth approximately $36,000. Main Street Group LTD purchased a new position in shares of Marathon Petroleum in the first quarter valued at $35,000. Cedar Mountain Advisors LLC purchased a new position in Marathon Petroleum in the first quarter valued at about $40,000. Finally, Navalign LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $30,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MPC. Bank of America lifted their target price on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Morgan Stanley lifted their price target on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Zacks Research lowered shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 17th. Jefferies Financial Group set a $335.00 target price on Marathon Petroleum and gave the stock a “buy” rating in a report on Sunday, July 12th. Finally, TD Cowen raised their price objective on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.50.

Marathon Petroleum Stock Performance

Shares of MPC opened at $362.18 on Monday. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $367.60. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The company has a market capitalization of $105.73 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The company’s fifty day moving average price is $297.25 and its 200 day moving average price is $254.78.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.96 EPS. As a group, analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

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

Insider Activity

In other news, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 12,619 shares in the company, valued at approximately $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is owned by corporate insiders.

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.