State of Wyoming reduced its stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 35.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,955 shares of the oil and gas company’s stock after selling 1,657 shares during the quarter. State of Wyoming’s holdings in Marathon Petroleum were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. North Dakota State Investment Board acquired a new position in Marathon Petroleum during the 4th quarter valued at about $1,714,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Marathon Petroleum by 570.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company’s stock valued at $41,180,000 after purchasing an additional 143,500 shares during the period. USA Financial Formulas bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at approximately $791,000. Pictet Asset Management Holding SA boosted its position in shares of Marathon Petroleum by 31.0% during the first quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company’s stock worth $52,146,000 after buying an additional 50,521 shares during the period. Finally, KBC Group NV boosted its position in shares of Marathon Petroleum by 22.4% during the fourth quarter. KBC Group NV now owns 225,837 shares of the oil and gas company’s stock worth $36,728,000 after buying an additional 41,259 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.
Insiders Place Their Bets
In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Marathon Petroleum
Marathon Petroleum Stock Performance
Shares of NYSE MPC opened at $311.92 on Friday. Marathon Petroleum Corporation has a 1 year low of $158.00 and a 1 year high of $326.92. The firm has a market cap of $91.06 billion, a P/E ratio of 20.36, a PEG ratio of 0.42 and a beta of 0.52. The stock has a fifty day moving average price of $267.58 and a two-hundred day moving average price of $232.08. 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 – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) EPS. Research analysts forecast that Marathon Petroleum Corporation will post 35.82 EPS for the current fiscal year.
Marathon Petroleum Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a $1.00 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.3%. Marathon Petroleum’s payout ratio is 26.11%.
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.
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