Horizon Investments LLC Buys 3,413 Shares of Marathon Petroleum Corporation $MPC

Horizon Investments LLC raised its stake in shares of Marathon Petroleum Corporation (NYSE:MPCFree Report) by 45.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,943 shares of the oil and gas company’s stock after acquiring an additional 3,413 shares during the period. Horizon Investments LLC’s holdings in Marathon Petroleum were worth $1,780,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MPC. Brighton Jones LLC lifted its stake in Marathon Petroleum by 30.9% during the 4th 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 in the last quarter. Woodline Partners LP lifted its stake in Marathon Petroleum by 38.3% during the 1st 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 in the last quarter. Sivia Capital Partners LLC lifted its stake in Marathon Petroleum by 26.6% during the 2nd 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 in the last quarter. Marshall Wace LLP bought a new position in Marathon Petroleum during the 2nd quarter valued at $8,505,000. Finally, AXA S.A. raised its stake in shares of Marathon Petroleum by 46.7% during the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after purchasing an additional 12,639 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,810 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the completion of the transaction, the insider owned 10,188 shares of the company’s stock, valued at approximately $2,290,058.64. The trade was a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 4,473 shares of company stock worth $1,015,428 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Marathon Petroleum Stock Up 3.2%

MPC stock opened at $260.55 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $76.73 billion, a PE ratio of 19.52, a PEG ratio of 0.37 and a beta of 0.53. Marathon Petroleum Corporation has a twelve month low of $141.91 and a twelve month high of $261.61. The stock has a 50-day simple moving average of $227.27 and a two-hundred day simple moving average of $200.13.

Marathon Petroleum (NYSE:MPCGet Free Report) last posted its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The business had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same quarter in the previous year, the firm earned ($0.24) EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts predict that Marathon Petroleum Corporation will post 26.3 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. Marathon Petroleum’s payout ratio is presently 29.96%.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of recent analyst reports. Raymond James Financial lifted their target price on Marathon Petroleum from $210.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Mizuho lifted their target price on Marathon Petroleum from $205.00 to $224.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. TD Cowen lifted their target price on Marathon Petroleum from $198.00 to $299.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group lifted their target price on Marathon Petroleum from $239.00 to $264.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Finally, Citigroup lifted their target price on Marathon Petroleum from $210.00 to $243.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $241.81.

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About Marathon Petroleum

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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