denkapparat Operations GmbH Sells 1,318 Shares of Marathon Petroleum Corporation $MPC

denkapparat Operations GmbH lowered its position in Marathon Petroleum Corporation (NYSE:MPC) by 35.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,426 shares of the oil and gas company’s stock after selling 1,318 shares during the quarter. denkapparat Operations GmbH’s holdings in Marathon Petroleum were worth $620,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Marathon Petroleum during the second quarter worth $6,648,958,000. Bank of New York Mellon Corp acquired a new stake in Marathon Petroleum during the 2nd quarter worth about $1,029,611,000. Norges Bank purchased a new stake in Marathon Petroleum during the 4th quarter valued at about $472,312,000. Bank of America Corp DE acquired a new position in shares of Marathon Petroleum in the second quarter valued at about $621,832,000. Finally, Capital Wealth Planning LLC increased its holdings in shares of Marathon Petroleum by 49,392.0% in the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock valued at $245,157,000 after purchasing an additional 1,495,097 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $389.86 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $398.52. The business’s 50 day moving average is $322.31 and its two-hundred day moving average is $266.52. The company has a market capitalization of $113.82 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.25 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating 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 business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same period in the previous year, the business earned $3.96 earnings per share. The business’s revenue was up 53.5% compared to the same quarter last year. Analysts expect that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business 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 dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group reiterated a “buy” rating and issued a $321.00 target price on shares of Marathon Petroleum in a research report on Friday, July 10th. Evercore set a $330.00 price target on Marathon Petroleum in a research report on Wednesday, August 5th. Mizuho boosted their price objective on Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Wells Fargo & Company upped their target price on Marathon Petroleum from $359.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Barclays lifted their price target on Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $322.44.

Insider Buying and Selling at Marathon Petroleum

In other news, SVP Shawn Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the sale, the senior vice president owned 12,619 shares in the company, valued at $4,416,650. This trade 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 available through this link. Also, insider Molly Benson sold 17,196 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares of the company’s stock, valued at $10,876,862.38. This represents a 36.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,691 shares of company stock valued at $7,780,127 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

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.