Northwestern Mutual Wealth Management Co. Increases Stock Position in Marathon Petroleum Corporation $MPC

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,489 shares of the oil and gas company’s stock after buying an additional 3,649 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Marathon Petroleum were worth $5,607,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC increased its holdings in Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 201 shares during the period. Hughes Financial Services LLC bought a new stake in Marathon Petroleum during the 1st quarter worth approximately $32,000. Decker Retirement Planning Inc. increased its holdings in Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 227 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Marathon Petroleum during the 1st quarter worth approximately $35,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MPC has been the topic of a number of analyst reports. UBS Group upped their target price on shares of Marathon Petroleum from $175.00 to $203.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Scotiabank reaffirmed an “outperform” rating on shares of Marathon Petroleum in a report on Friday, July 11th. TD Cowen decreased their target price on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Citigroup upped their target price on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Finally, Morgan Stanley upped their target price on shares of Marathon Petroleum from $160.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Hold” and a consensus target price of $185.29.

Check Out Our Latest Stock Report on MPC

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $177.78 on Thursday. The company’s fifty day moving average price is $169.99 and its 200-day moving average price is $155.00. The firm has a market capitalization of $54.05 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.15 and a beta of 0.90. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $183.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71.

Marathon Petroleum (NYSE:MPC — Get Free Report) last released 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 net margin of 1.58% and a return on equity of 8.38%. The company had revenue of $34.10 billion for the quarter, compared to analyst estimates of $31.70 billion. During the same quarter last year, the firm earned $4.12 EPS. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts anticipate 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. Investors of record on Wednesday, August 20th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 54.01%.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the transaction, the insider owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

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.

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Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC — Free Report).

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