1,266 Shares in Marathon Petroleum Corporation $MPC Bought by Madrona Financial Services LLC

Madrona Financial Services LLC bought a new position in shares of 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 bought 1,266 shares of the oil and gas company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares during the last quarter. NBC Securities Inc. raised its stake in shares of Marathon Petroleum by 47,033.3% during the 1st quarter. NBC Securities Inc. now owns 1,414 shares of the oil and gas company’s stock valued at $206,000 after buying an additional 1,411 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Marathon Petroleum by 20.2% in the 1st quarter. Merit Financial Group LLC now owns 9,543 shares of the oil and gas company’s stock valued at $1,390,000 after buying an additional 1,607 shares during the period. Fulton Bank N.A. boosted its stake in shares of Marathon Petroleum by 3.6% in the first quarter. Fulton Bank N.A. now owns 9,619 shares of the oil and gas company’s stock worth $1,401,000 after buying an additional 331 shares during the last quarter. Finally, Smith Anglin Financial LLC acquired a new stake in Marathon Petroleum during the first quarter worth about $210,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Down 0.2%

Shares of MPC stock opened at $192.40 on Thursday. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $201.61. The stock has a market cap of $58.49 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.34 and a beta of 0.90. The company’s 50-day moving average price is $176.17 and its 200-day moving average price is $161.52. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.74. The company had revenue of $34.10 billion for the quarter, compared to analyst estimates of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. Marathon Petroleum’s revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.12 EPS. As a group, equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Marathon Petroleum’s payout ratio is currently 54.01%.

Wall Street Analyst Weigh In

MPC has been the topic of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a report on Friday, July 11th. Wells Fargo & Company increased their target price on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Bank of America upped their price target on Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Finally, TD Cowen dropped their price objective on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Insider Activity at Marathon Petroleum

In other news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares in the company, valued at approximately $4,678,100. This represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.