Nykredit A S Buys Shares of 124,093 Marathon Petroleum Corporation $MPC

Nykredit A S purchased a new position in Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 124,093 shares of the oil and gas company’s stock, valued at approximately $31,727,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew 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 valued at $696,000 after purchasing an additional 1,178 shares during the last quarter. Woodline Partners LP boosted its position in Marathon Petroleum by 38.3% during the 1st quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after purchasing an additional 7,396 shares during the period. Sivia Capital Partners LLC boosted its position in Marathon Petroleum by 26.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock valued at $369,000 after purchasing an additional 466 shares during the period. Marshall Wace LLP bought a new position in Marathon Petroleum during the 2nd quarter worth $8,505,000. Finally, AXA S.A. grew its stake in Marathon Petroleum by 46.7% during the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after buying an additional 12,639 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the transaction, the insider owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Shawn M. Lyon sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $375.75, for a total value of $375,750.00. Following the sale, the senior vice president directly owned 11,194 shares in the company, valued at approximately $4,206,145.50. The trade was a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 21,691 shares of company stock worth $7,780,127. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Up 0.2%

Shares of Marathon Petroleum stock opened at $387.66 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $398.52. The business’s fifty day moving average price is $319.58 and its two-hundred day moving average price is $265.65. The company has a market capitalization of $113.17 billion, a P/E ratio of 13.33, a PEG ratio of 0.25 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter in the prior year, the business posted $3.96 earnings per share. The company’s revenue for the quarter was up 53.5% compared to the same quarter last year. As a group, research analysts forecast that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.0%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MPC. Wells Fargo & Company raised their target price on Marathon Petroleum from $359.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group upped their price target on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Citigroup increased their price objective on shares of Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Barclays lifted their price objective on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley boosted their target price on shares of Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.44.

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.