Groupama Asset Managment cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 24.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,435 shares of the oil and gas company’s stock after selling 2,783 shares during the quarter. Groupama Asset Managment’s holdings in Marathon Petroleum were worth $2,060,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Navalign LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum during the 4th quarter worth approximately $31,000. Berbice Capital Management LLC boosted its holdings in Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. WFA of San Diego LLC acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $33,000. Finally, Ares Financial Consulting LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $34,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Marathon Petroleum
Marathon Petroleum Stock Performance
Shares of Marathon Petroleum stock opened at $316.25 on Friday. The business’s fifty day simple moving average is $274.13 and its 200 day simple moving average is $237.42. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $326.92. The firm has a market capitalization of $92.33 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 0.20 and a beta of 0.52.
Marathon Petroleum (NYSE:MPC – Get 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, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The firm had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter in the prior year, the company earned ($0.24) EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, analysts anticipate that Marathon Petroleum Corporation will post 43.19 EPS for the current year.
Marathon Petroleum Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s payout ratio is 26.11%.
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.
Featured Articles
- Five stocks we like better than Marathon Petroleum
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
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.
