Compass Financial Management LLC Invests $774,000 in Marathon Petroleum Corporation $MPC

Compass Financial Management LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,706 shares of the oil and gas company’s stock, valued at approximately $774,000.

Other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $1,815,000. Alta Advisers Ltd bought a new position in Marathon Petroleum during the 2nd quarter worth $296,000. Daiichi Life Insurance Co. Ltd. bought a new stake in Marathon Petroleum during the second quarter worth about $1,668,000. Commerce Bank bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth $9,625,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Marathon Petroleum during the second quarter worth $11,982,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 0.4%

Shares of Marathon Petroleum stock opened at $362.18 on Monday. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $367.60. The company has a market cap of $105.73 billion, a P/E ratio of 12.45, a PEG ratio of 0.23 and a beta of 0.52. The company’s fifty day simple moving average is $297.25 and its two-hundred day simple moving average is $254.78. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The business had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business’s revenue was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.96 earnings per share. Research analysts anticipate 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. Investors of record on Wednesday, August 19th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MPC shares. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their price target on Marathon Petroleum from $344.00 to $359.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Citigroup increased their target price on shares of Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Evercore set a $330.00 target price on Marathon Petroleum in a research report on Wednesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.50.

Insiders Place Their Bets

In other news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares in the company, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum Company 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.