State of Wyoming Grows Holdings in Marathon Petroleum Corporation $MPC

State of Wyoming boosted its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 343.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,612 shares of the oil and gas company’s stock after purchasing an additional 3,573 shares during the quarter. State of Wyoming’s holdings in Marathon Petroleum were worth $750,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Navalign LLC bought a new position in Marathon Petroleum in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $31,000. Berbice Capital Management LLC boosted its position 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 valued at $33,000 after acquiring an additional 100 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum during the 2nd quarter valued at approximately $33,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $34,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $266.91 on Friday. The stock’s fifty day moving average price is $242.49 and its 200-day moving average price is $209.65. Marathon Petroleum Corporation has a 12 month low of $155.93 and a 12 month high of $272.46. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The firm has a market cap of $77.92 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.43 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The firm’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) earnings per share. On average, equities research analysts expect that Marathon Petroleum Corporation will post 30.05 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 26.11%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their target price on Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings downgraded Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Bank of America raised their price target on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group raised their price target on Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $268.50.

Marathon Petroleum News Summary

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

• Positive Sentiment: Marathon Petroleum has been outperforming other oil refiners, and analysts remain moderately optimistic about its outlook, which suggests investors still see upside in the stock. How Is Marathon Petroleum’s Stock Performance Compared to Other Oil Refiner Stocks?
• Positive Sentiment: Recent commentary says MPC has gained about 8.7% since its last earnings report, reflecting continued momentum after a strong quarterly beat and better-than-expected revenue. Why Is Marathon Petroleum (MPC) Up 8.7% Since Last Earnings Report?
• Positive Sentiment: MPC was also named to the Zacks Rank #1 “Strong Buy” growth stocks list, which can attract momentum-focused investors. Best Growth Stocks to Buy for June 3rd
• Positive Sentiment: Marathon Petroleum’s West Coast refining assets could become a bigger earnings driver if California fuel supply remains tight, potentially improving refining margins. Can MPC’s West Coast Assets Become a Bigger Earnings Driver?
• Positive Sentiment: The company’s top safety performance recognition at AFPM awards supports its operational reputation and may reinforce confidence in management execution. Marathon Petroleum’s Top Safety Performance Recognized at AFPM Safety Awards
• Neutral Sentiment: Several recent valuation-focused articles note that MPC has had a strong multi-month run, which keeps the stock in focus but does not by itself change the fundamental story. Marathon Petroleum (MPC) Valuation Check After Strong Multi‑Month Share Price Gains

Insiders Place Their Bets

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 4,473 shares of company stock valued at $1,015,428 over the last three months. 0.17% of the stock is currently owned by company insiders.

About Marathon Petroleum

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.