Shepherd Street Advisors LLC acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,398 shares of the oil and gas company’s stock, valued at approximately $878,000.
A number of other hedge funds have also recently modified their holdings of MPC. Navalign LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $31,000. Berbice Capital Management LLC grew its stake in shares of Marathon Petroleum by 100.0% during the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum during the second quarter valued at approximately $33,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $34,000. Institutional investors own 76.77% of the company’s stock.
Marathon Petroleum Stock Up 1.7%
Shares of NYSE:MPC opened at $263.13 on Wednesday. Marathon Petroleum Corporation has a 52-week low of $155.93 and a 52-week high of $264.84. The stock has a market cap of $76.82 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 0.41 and a beta of 0.52. The business’s 50 day moving average is $240.73 and its 200 day moving average is $208.19. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.
Marathon Petroleum Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.5%. Marathon Petroleum’s dividend payout ratio is 26.11%.
Analysts Set New Price Targets
A number of research analysts have recently commented on MPC shares. Jefferies Financial Group upped their target price on Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Wall Street Zen raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. upped their target price on Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Morgan Stanley upped their target price on Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Barclays upped their target price on Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.50.
Get Our Latest Research Report on Marathon Petroleum
Key Marathon Petroleum News
Here are the key news stories impacting Marathon Petroleum this week:
- Positive Sentiment: Marathon Petroleum was highlighted as a top-ranked growth stock and a potential earnings beat candidate, reinforcing bullish investor expectations. Best Growth Stocks to Buy for June 1st
- Positive Sentiment: Analysts and Zacks coverage continued to frame MPC as a favorable idea, with articles noting a Buy-equivalent average brokerage recommendation and optimism around its outlook. Is Marathon Petroleum (MPC) a Buy as Wall Street Analysts Look Optimistic?
- Positive Sentiment: Energy-sector momentum has improved, and one article said oil stocks look poised for another leg higher after U.S.-Iran peace talks collapsed, which may lift refiners like MPC. Oil Stocks Look Poised for Another Leg Higher
- Positive Sentiment: MPC was included among stocks expected to benefit from strong energy demand and tight supply conditions, adding to the bullish narrative. The Zacks Analyst Blog Highlights Marathon Petroleum, Nabors Industries and Suncor Energy
- Neutral Sentiment: Marathon Petroleum was featured in multiple Zacks “Investment Ideas” and sector roundup articles, which adds visibility but does not appear to be a direct company-specific catalyst. Zacks Investment Ideas feature highlights: XLE, Valero, Marathon and Phillips 66
- Neutral Sentiment: One article compared MPC’s year-to-date performance with other energy stocks, but it mainly served as a sector performance check rather than a stock-moving update. Are Oils-Energy Stocks Lagging Kolibri Global Energy Inc. (KGEI) This Year?
Insider Transactions at Marathon Petroleum
In related news, insider Ricky D. Hessling sold 1,810 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total value of $406,851.80. Following the transaction, the insider owned 10,188 shares of the company’s stock, valued at $2,290,058.64. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 4,473 shares of company stock valued at $1,015,428 over the last quarter. 0.17% of the stock is owned by corporate 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.
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