Marathon Petroleum Corporation $MPC Shares Acquired by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lifted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 67.0% during the 4th quarter, HoldingsChannel reports. The firm owned 167,000 shares of the oil and gas company’s stock after purchasing an additional 67,000 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Marathon Petroleum were worth $27,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Navalign LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Marathon Petroleum during the 3rd quarter worth approximately $39,000. IAG Wealth Partners LLC acquired a new position in shares of Marathon Petroleum during the 3rd quarter worth approximately $39,000. Finally, Berbice Capital Management LLC boosted its holdings in shares of Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MPC has been the topic of several recent research reports. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Scotiabank boosted their target price on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Raymond James Financial restated an “outperform” rating on shares of Marathon Petroleum in a report on Wednesday, May 6th. Finally, Jefferies Financial Group lifted their price target on shares of Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average target price of $268.50.

Marathon Petroleum Stock Down 0.1%

MPC stock opened at $248.45 on Monday. The firm has a market cap of $72.53 billion, a PE ratio of 16.22, a PEG ratio of 0.40 and a beta of 0.52. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The firm’s 50 day moving average price is $240.26 and its 200-day moving average price is $207.78. Marathon Petroleum Corporation has a one year low of $155.93 and a one year high of $264.14.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) EPS. On average, equities research analysts anticipate that Marathon Petroleum Corporation will post 30.05 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s payout ratio is presently 26.11%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the sale, the insider owned 7,525 shares of the company’s stock, valued at $1,717,054.50. The trade was a 17.77% 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. Insiders sold a total of 4,473 shares of company stock valued at $1,015,428 over the last 90 days. 0.17% of the stock is owned by insiders.

Key Marathon Petroleum News

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

• Positive Sentiment: Marathon Petroleum was upgraded to Zacks Rank #1 (Strong Buy), signaling stronger earnings expectations and a more favorable near-term outlook. What Makes Marathon Petroleum (MPC) a New Strong Buy Stock
• Positive Sentiment: MPC appeared on Zacks’ momentum, value, and growth stock screens, which reinforces investor interest from multiple angles. Best Momentum Stock to Buy for May 28th
• Positive Sentiment: The stock was also added to Zacks’ “New Strong Buy” and “Best Growth Stocks” lists, which may help sustain bullish sentiment among traders and growth-focused investors. New Strong Buy Stocks for May 28th
• Positive Sentiment: Marathon Petroleum was highlighted in a Zacks energy growth-stock article alongside other names benefiting from supply risks and strong demand, suggesting the sector backdrop remains supportive. 3 Energy Growth Stocks Riding Supply Risks and Strong Demand

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.