Transamerica Financial Advisors LLC Purchases Shares of 1,662 Marathon Petroleum Corporation $MPC

Transamerica Financial Advisors LLC purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,662 shares of the oil and gas company’s stock, valued at approximately $425,000.

Other large investors also recently modified their holdings of the company. Solstein Capital LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter valued at $26,000. Bell Investment Advisors Inc acquired a new stake in Marathon Petroleum in the second quarter worth $27,000. Navalign LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth about $31,000. Finally, Berbice Capital Management LLC grew its stake in shares of Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares in the company, valued at $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,032 shares of company stock valued at $8,744,213 in the last three months. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MPC has been the subject of a number of research analyst reports. Mizuho boosted their target price on Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group raised their price objective on Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley boosted their price objective on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Wall Street Zen raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Barclays increased their target price on Marathon Petroleum from $289.00 to $321.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.50.

Marathon Petroleum Price Performance

MPC stock opened at $362.70 on Thursday. The company has a market capitalization of $105.89 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $367.60. The business has a 50-day simple moving average of $303.95 and a two-hundred day simple moving average of $258.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same period in the previous year, the company posted $3.96 EPS. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. Research analysts expect that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.1%. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.

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.