4,627 Shares of Marathon Petroleum Corporation $MPC Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the third quarter, Holdings Channel reports. The firm acquired 4,627 shares of the oil and gas company’s stock, valued at approximately $1,830,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPC. Solstein Capital LLC bought a new position in Marathon Petroleum in the 2nd quarter worth about $26,000. Caitlin John LLC bought a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $26,000. Bell Investment Advisors Inc bought a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $27,000. Main Street Group LTD purchased a new stake in shares of Marathon Petroleum in the first quarter valued at approximately $35,000. Finally, Cetera Trust Company N.A purchased a new stake in shares of Marathon Petroleum in the second quarter valued at approximately $35,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 3.4%

NYSE:MPC opened at $402.73 on Thursday. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $493.98. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.09 and a current ratio of 1.45. The firm has a market cap of $109.65 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.10 and a beta of 0.53. The firm has a 50-day simple moving average of $422.83 and a 200-day simple moving average of $298.62.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share for the quarter, topping the consensus estimate of $25.37 by $1.56. Marathon Petroleum had a net margin of 8.27% and a return on equity of 55.82%. The firm had revenue of $56.03 billion during the quarter, compared to analysts’ expectations of $46.60 billion. During the same quarter in the prior year, the company earned $3.01 EPS. The company’s revenue was up 57.6% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Corporation will post 66.31 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. Marathon Petroleum’s payout ratio is 13.75%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MPC shares. Jefferies Financial Group reissued a “hold” rating and issued a $433.00 price objective on shares of Marathon Petroleum in a research note on Sunday, October 11th. TD Cowen lifted their target price on Marathon Petroleum from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Raymond James Financial increased their price target on Marathon Petroleum from $350.00 to $445.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. Finally, The Goldman Sachs Group raised their price target on Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $425.12.

Insiders Place Their Bets

In other news, VP Erin M. Brzezinski sold 570 shares of Marathon Petroleum stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $362.79, for a total value of $206,790.30. Following the transaction, the vice president directly owned 1,576 shares in the company, valued at approximately $571,757.04. This trade represents a 26.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum stock in a transaction on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the transaction, the insider owned 30,334 shares in the company, valued at $10,876,862.38. This represents a 36.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,191 shares of company stock worth $6,905,127 over the last 90 days. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks. The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.