Shepherd Street Advisors LLC Makes New Investment in Marathon Petroleum Corporation $MPC

Shepherd Street Advisors LLC acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPCFree 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 (NYSE:MPCGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. Marathon Petroleum’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts predict that Marathon Petroleum Corporation will post 30.05 EPS for the current year.

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:

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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPCFree Report).

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.