Baader Bank Aktiengesellschaft Makes New $419,000 Investment in Marathon Petroleum Corporation $MPC

Baader Bank Aktiengesellschaft purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,575 shares of the oil and gas company’s stock, valued at approximately $419,000.

Several other large investors have also recently made changes to their positions in MPC. Navalign LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $31,000. WFA of San Diego LLC purchased a new position in shares of Marathon Petroleum during the second quarter worth approximately $33,000. Ares Financial Consulting LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $34,000. Finally, Strategic Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $36,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Up 2.5%

Shares of Marathon Petroleum stock opened at $255.16 on Friday. The stock has a market capitalization of $74.49 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 0.34 and a beta of 0.53. The company’s 50 day moving average price is $234.57 and its 200-day moving average price is $203.45. Marathon Petroleum Corporation has a 52-week low of $154.65 and a 52-week high of $261.61. 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 released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. During the same quarter in the previous year, the business posted ($0.24) earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts forecast that Marathon Petroleum Corporation will post 28.83 EPS for the current year.

Marathon Petroleum Dividend Announcement

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

Wall Street Analysts Forecast Growth

MPC has been the topic of several research reports. Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Piper Sandler raised their target price on shares of Marathon Petroleum from $197.00 to $228.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Wells Fargo & Company raised their target price on shares of Marathon Petroleum to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Citigroup raised their target price on shares of Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Mizuho raised their target price on shares of Marathon Petroleum from $205.00 to $224.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.44.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,626 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the sale, the insider owned 7,525 shares in the company, valued at approximately $1,717,054.50. The trade was a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 4,473 shares of company stock worth $1,015,428. Insiders own 0.17% of the company’s stock.

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.