Core Alternative Capital Has $424,000 Position in Marathon Petroleum Corporation (NYSE:MPC)

Core Alternative Capital lessened its position in Marathon Petroleum Corporation (NYSE:MPC) by 29.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,911 shares of the oil and gas company’s stock after selling 1,236 shares during the quarter. Core Alternative Capital’s holdings in Marathon Petroleum were worth $424,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MPC. Wellington Management Group LLP raised its holdings in shares of Marathon Petroleum by 78.1% in the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company’s stock valued at $1,389,630,000 after purchasing an additional 4,367,774 shares during the last quarter. Demars Financial Group LLC increased its stake in Marathon Petroleum by 16,338.3% in the 4th quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company’s stock valued at $582,710,000 after buying an additional 4,151,722 shares during the last quarter. Norges Bank acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $453,427,000. GAMMA Investing LLC boosted its stake in shares of Marathon Petroleum by 14,969.1% during the 1st quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company’s stock worth $224,503,000 after buying an additional 1,530,737 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Marathon Petroleum by 37.4% in the 4th quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company’s stock valued at $480,501,000 after acquiring an additional 935,042 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $172.01 on Friday. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.31. The company has a market capitalization of $52.84 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.46 and a beta of 0.88. The company has a 50-day simple moving average of $159.64 and a 200 day simple moving average of $148.41. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same period last year, the business posted $2.58 earnings per share. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were paid a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.12%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MPC. Mizuho increased their price target on Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Wall Street Zen upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Raymond James Financial reissued a “strong-buy” rating on shares of Marathon Petroleum in a research note on Monday, June 30th. TD Cowen boosted their target price on shares of Marathon Petroleum from $152.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Finally, Evercore ISI initiated coverage on shares of Marathon Petroleum in a research note on Wednesday, June 18th. They issued an “in-line” rating and a $170.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.13.

Marathon Petroleum Profile

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.