46,371 Shares in Marathon Petroleum Corporation $MPC Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,371 shares of the oil and gas company’s stock, valued at approximately $11,856,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Solstein Capital LLC bought a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $26,000. Caitlin John LLC bought a new stake in Marathon Petroleum in the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new stake in Marathon Petroleum in the 2nd quarter worth approximately $27,000. Navalign LLC purchased a new stake in Marathon Petroleum in the fourth quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Marathon Petroleum during the fourth quarter valued at approximately $31,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $369.00 on Friday. The firm has a market cap of $107.73 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.24 and a beta of 0.52. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $369.12. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The business has a 50 day moving average price of $308.87 and a 200-day moving average price of $260.20.

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

Marathon Petroleum Announces Dividend

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

Insider Buying and Selling at Marathon Petroleum

In related news, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total value of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares of the company’s stock, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of the business’s 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 transaction, the senior vice president owned 12,619 shares in the company, valued at approximately $4,416,650. This represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 26,032 shares of company stock worth $8,744,213. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on MPC shares. Barclays lifted their price target on shares of Marathon Petroleum from $289.00 to $321.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $344.00 to $359.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group boosted their price target on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group set a $335.00 price target on shares of Marathon Petroleum and gave the company a “buy” rating in a research report on Sunday, July 12th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $312.50.

Marathon Petroleum 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.