Wilen Investment Management CORP. decreased its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 3.2% during the 1st quarter, HoldingsChannel reports. The fund owned 32,866 shares of the oil and gas company’s stock after selling 1,100 shares during the period. Marathon Petroleum makes up about 1.5% of Wilen Investment Management CORP.’s portfolio, making the stock its 21st biggest holding. Wilen Investment Management CORP.’s holdings in Marathon Petroleum were worth $1,956,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Fort L.P. bought a new stake in shares of Marathon Petroleum in the 1st quarter worth about $115,000. Sit Investment Associates Inc. grew its position in shares of Marathon Petroleum by 5.7% during the 1st quarter. Sit Investment Associates Inc. now owns 434,647 shares of the oil and gas company’s stock valued at $26,014,000 after buying an additional 23,542 shares during the last quarter. Baltimore Capital Management Inc. bought a new stake in shares of Marathon Petroleum during the 1st quarter valued at about $472,000. Marino Stram & Associates LLC grew its position in shares of Marathon Petroleum by 109.5% during the 1st quarter. Marino Stram & Associates LLC now owns 861 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 450 shares during the last quarter. Finally, GYL Financial Synergies LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter valued at about $995,000. Institutional investors and hedge funds own 77.57% of the company’s stock.
In other news, insider Donald C. Templin bought 5,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average price of $50.74 per share, for a total transaction of $253,700.00. Following the transaction, the insider now owns 93,182 shares in the company, valued at $4,728,054.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Rohr bought 12,500 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of $48.14 per share, with a total value of $601,750.00. The disclosure for this purchase can be found here. 1.06% of the stock is currently owned by corporate insiders.
NYSE MPC traded down $0.28 on Friday, hitting $47.62. The stock had a trading volume of 2,241,731 shares, compared to its average volume of 7,527,128. Marathon Petroleum Corp has a one year low of $45.47 and a one year high of $88.45. The company has a current ratio of 1.20, a quick ratio of 0.55 and a debt-to-equity ratio of 0.69. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.52.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). Marathon Petroleum had a return on equity of 11.10% and a net margin of 2.56%. The firm had revenue of $28.62 billion during the quarter, compared to the consensus estimate of $27.70 billion. During the same quarter last year, the company posted $0.08 EPS. Marathon Petroleum’s revenue for the quarter was up 50.7% on a year-over-year basis. As a group, equities research analysts expect that Marathon Petroleum Corp will post 4.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 4.45%. The ex-dividend date was Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is 31.27%.
MPC has been the subject of a number of recent research reports. Citigroup lowered their price objective on shares of Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Cowen downgraded shares of Marathon Petroleum from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $90.00 to $65.00 in a research report on Friday, May 10th. Royal Bank of Canada lowered their price objective on shares of Marathon Petroleum from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Co lowered their price objective on shares of Marathon Petroleum from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Credit Suisse Group lowered their price objective on shares of Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $85.68.
About Marathon Petroleum
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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