Larson Financial Group LLC Sells 3,872 Shares of Marathon Petroleum Corporation $MPC

Larson Financial Group LLC decreased its position in Marathon Petroleum Corporation (NYSE:MPC) by 50.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,758 shares of the oil and gas company’s stock after selling 3,872 shares during the period. Larson Financial Group LLC’s holdings in Marathon Petroleum were worth $611,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MPC. Brighton Jones LLC boosted its holdings 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 acquiring an additional 1,178 shares during the last quarter. Woodline Partners LP boosted its holdings in Marathon Petroleum by 38.3% in the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after acquiring an additional 7,396 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Marathon Petroleum by 26.6% in the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock valued at $369,000 after acquiring an additional 466 shares during the last quarter. Marshall Wace LLP bought a new position in Marathon Petroleum in the second quarter valued at about $8,505,000. Finally, AXA S.A. boosted its holdings in Marathon Petroleum by 46.7% in the second quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock valued at $6,590,000 after acquiring an additional 12,639 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,626 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This represents a 17.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 4,473 shares of company stock worth $1,015,428. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum Price Performance

MPC opened at $248.15 on Friday. The company has a fifty day simple moving average of $237.77 and a 200 day simple moving average of $205.26. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The stock has a market cap of $72.44 billion, a P/E ratio of 16.20, a P/E/G ratio of 0.34 and a beta of 0.53. Marathon Petroleum Corporation has a 12 month low of $154.65 and a 12 month high of $264.14.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) earnings per share. On average, research analysts expect that Marathon Petroleum Corporation will post 29.67 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MPC shares. Citigroup raised their price target on Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. UBS Group set a $285.00 price target on Marathon Petroleum in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. Wells Fargo & Company upped their price target on Marathon Petroleum to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Scotiabank increased their price target on shares of Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $259.44.

About Marathon Petroleum

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.