Marathon Petroleum Corporation (NYSE:MPC) Shares Bought by United Capital Management of KS Inc.

United Capital Management of KS Inc. lifted its position in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 6.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,117 shares of the oil and gas company’s stock after buying an additional 2,627 shares during the period. Marathon Petroleum makes up approximately 1.3% of United Capital Management of KS Inc.’s portfolio, making the stock its 29th largest position. United Capital Management of KS Inc.’s holdings in Marathon Petroleum were worth $6,427,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after purchasing an additional 1,178 shares during the period. GHE LLC raised its holdings in Marathon Petroleum by 1.8% in the 4th quarter. GHE LLC now owns 38,572 shares of the oil and gas company’s stock valued at $5,381,000 after buying an additional 665 shares during the period. Jump Financial LLC lifted its position in Marathon Petroleum by 195.5% in the fourth quarter. Jump Financial LLC now owns 3,800 shares of the oil and gas company’s stock valued at $530,000 after buying an additional 2,514 shares during the last quarter. Keeley Teton Advisors LLC lifted its position in Marathon Petroleum by 2.7% in the fourth quarter. Keeley Teton Advisors LLC now owns 6,590 shares of the oil and gas company’s stock valued at $919,000 after buying an additional 175 shares during the last quarter. Finally, Demars Financial Group LLC boosted its stake in Marathon Petroleum by 16,338.3% during the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company’s stock worth $582,710,000 after buying an additional 4,151,722 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of Marathon Petroleum from $159.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Wolfe Research cut Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Mizuho lifted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Morgan Stanley boosted their price objective on Marathon Petroleum from $160.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Finally, Scotiabank restated an “outperform” rating on shares of Marathon Petroleum in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $185.29.

View Our Latest Analysis on MPC

Marathon Petroleum Trading Up 0.5%

Shares of NYSE:MPC opened at $162.52 on Friday. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.10. The company’s 50 day moving average is $169.37 and its two-hundred day moving average is $153.94. The company has a market cap of $49.41 billion, a PE ratio of 24.11, a P/E/G ratio of 2.94 and a beta of 0.90. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15.

Marathon Petroleum (NYSE:MPC — Get Free Report) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%. The firm had revenue of $34.10 billion for the quarter, compared to analyst estimates of $31.70 billion. During the same quarter in the prior year, the company posted $4.12 earnings per share. Marathon Petroleum’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Marathon Petroleum’s dividend payout ratio (DPR) is 54.01%.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the transaction, the director directly owned 18,944 shares of the company’s stock, valued at $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

About Marathon Petroleum

(Free Report)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

Further Reading

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