7,418 Shares in Marathon Petroleum Corporation $MPC Bought by Procyon Advisors LLC

Procyon Advisors LLC bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,418 shares of the oil and gas company’s stock, valued at approximately $1,206,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Henrickson Nauta Wealth Advisors Inc. lifted its stake in Marathon Petroleum by 87.8% in the 4th quarter. Henrickson Nauta Wealth Advisors Inc. now owns 8,319 shares of the oil and gas company’s stock worth $1,418,000 after purchasing an additional 3,890 shares in the last quarter. Hilltop National Bank grew its position in shares of Marathon Petroleum by 96.7% during the fourth quarter. Hilltop National Bank now owns 1,066 shares of the oil and gas company’s stock valued at $173,000 after purchasing an additional 524 shares in the last quarter. Sagespring Wealth Partners LLC grew its position in shares of Marathon Petroleum by 37.7% during the fourth quarter. Sagespring Wealth Partners LLC now owns 31,245 shares of the oil and gas company’s stock valued at $5,081,000 after purchasing an additional 8,553 shares in the last quarter. Private Client Services LLC grew its position in shares of Marathon Petroleum by 8.2% during the fourth quarter. Private Client Services LLC now owns 1,318 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 100 shares in the last quarter. Finally, Park National Corp OH lifted its position in shares of Marathon Petroleum by 1.0% in the fourth quarter. Park National Corp OH now owns 17,239 shares of the oil and gas company’s stock worth $2,804,000 after buying an additional 171 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of Marathon Petroleum stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total transaction of $406,851.80. Following the completion of the transaction, the insider directly owned 10,188 shares of the company’s stock, valued at $2,290,058.64. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 4,473 shares of company stock worth $1,015,428 over the last ninety days. 0.17% of the stock is owned by insiders.

Marathon Petroleum Trading Up 0.0%

Shares of NYSE MPC opened at $232.63 on Tuesday. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $242.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The business’s 50 day moving average is $200.16 and its two-hundred day moving average is $190.59. The stock has a market capitalization of $68.51 billion, a P/E ratio of 17.43, a PEG ratio of 1.39 and a beta of 0.69.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.34. The business had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. As a group, research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were given a $1.00 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.7%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 29.96%.

Analyst Ratings Changes

A number of brokerages recently commented on MPC. Jefferies Financial Group dropped their price target on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Wells Fargo & Company upped their price objective on Marathon Petroleum from $213.00 to $217.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. UBS Group reiterated a “buy” rating and set a $221.00 target price on shares of Marathon Petroleum in a research report on Friday, February 6th. Scotiabank reissued an “outperform” rating and issued a $174.00 target price on shares of Marathon Petroleum in a report on Friday, January 16th. Finally, TD Cowen boosted their price target on shares of Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.44.

Marathon Petroleum Company Profile

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.