2,052 Shares of Marathon Petroleum Corporation $MPC Acquired by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. acquired a new position in Marathon Petroleum Corporation (NYSE:MPC – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,052 shares of the oil and gas company’s stock, valued at approximately $862,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Energy Income Partners LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at $4,912,000. Evolve Private Wealth LLC purchased a new stake in shares of Marathon Petroleum in the 2nd quarter valued at approximately $673,000. Railway Pension Investments Ltd acquired a new position in Marathon Petroleum in the 2nd quarter worth approximately $3,886,000. Pictet Asset Management Holding SA boosted its position in shares of Marathon Petroleum by 31.0% in 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, Teachers Retirement System of The State of Kentucky boosted its position 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 worth $41,180,000 after buying an additional 143,500 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $484.44 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $485.22. The business’s 50-day moving average price is $390.48 and its two-hundred day moving average price is $306.16. The company has a market capitalization of $141.43 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.15 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its quarterly earnings results 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 company had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The business’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period last year, the business earned $3.96 EPS. Analysts anticipate that Marathon Petroleum Corporation will post 61.17 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.00 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.8%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Insider Buying and Selling

In other Marathon Petroleum news, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the sale, the insider directly owned 30,334 shares in the company, valued at $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the sale, the vice president directly owned 1,576 shares of the company’s stock, valued at $571,757.04. This represents a 26.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 21,691 shares of company stock worth $7,780,127. Insiders own 0.17% of the company’s stock.

Trending Headlines about Marathon Petroleum

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Wall Street Analysts Forecast Growth

MPC has been the topic of a number of research analyst reports. Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Morgan Stanley increased their price objective on Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a research note on Monday, September 14th. TD Cowen raised their price objective on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Bank of America raised their price objective on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Finally, UBS Group set a $510.00 target price on Marathon Petroleum in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus target price of $417.88.

Get Our Latest Report on Marathon Petroleum

Marathon Petroleum Profile

(Free Report)

Marathon Petroleum Corporation (NYSE:MPC) is an integrated downstream energy company engaged primarily in refining, marketing and transporting petroleum products. The company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, asphalt, propane and other refined products used by consumers, businesses and industrial customers.

Marathon Petroleum operates refineries and related logistics assets in the United States, with a refining and marketing presence serving markets across the Midwest, Gulf Coast and West Coast.

See Also

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

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