SG Trading Solutions LLC Buys Shares of 3,005 Marathon Petroleum Corporation $MPC

SG Trading Solutions LLC purchased a new position in Marathon Petroleum Corporation (NYSE:MPC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,005 shares of the oil and gas company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Navalign LLC bought a new position in Marathon Petroleum in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum during the fourth quarter worth $31,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marathon Petroleum during the third quarter valued at $39,000. IAG Wealth Partners LLC purchased a new stake in shares of Marathon Petroleum during the third quarter valued at $39,000. Finally, Berbice Capital Management LLC grew its holdings in shares of Marathon Petroleum by 100.0% in the fourth 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 owned by institutional investors.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $243.11 on Friday. The company has a market capitalization of $70.97 billion, a PE ratio of 15.87, a P/E/G ratio of 0.37 and a beta of 0.52. The company has a 50-day simple moving average of $245.18 and a two-hundred day simple moving average of $214.32. Marathon Petroleum Corporation has a one year low of $158.00 and a one year high of $272.46. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) EPS. Research analysts expect that Marathon Petroleum Corporation will post 31.35 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued 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 was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MPC. Mizuho raised their price target on shares of Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Bank of America raised their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. Finally, Citigroup upped their target price on Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $272.94.

Insider Buying and Selling at Marathon Petroleum

In other news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction on 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 completion of the sale, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

Marathon Petroleum 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.