Marathon Petroleum Corporation $MPC Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 214,697 shares of the oil and gas company’s stock after buying an additional 3,621 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Marathon Petroleum were worth $34,916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPC. Navalign LLC acquired a new stake in Marathon Petroleum during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum during the fourth quarter valued at $31,000. Berbice Capital Management LLC grew its position in Marathon Petroleum by 100.0% during the fourth 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. WFA of San Diego LLC acquired a new stake in Marathon Petroleum during the second quarter valued at $33,000. Finally, Ares Financial Consulting LLC acquired a new stake in Marathon Petroleum during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 0.1%

Shares of NYSE MPC opened at $262.26 on Monday. The company’s 50-day simple moving average is $242.90 and its 200-day simple moving average is $210.11. Marathon Petroleum Corporation has a 52-week low of $158.00 and a 52-week high of $272.46. The firm has a market cap of $76.56 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 0.42 and a beta of 0.52. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. During the same quarter last year, the business earned ($0.24) earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts predict that Marathon Petroleum Corporation will post 30.05 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 26.11%.

Wall Street Analyst Weigh In

Several analysts recently commented on MPC shares. The Goldman Sachs Group raised their price target on shares of Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their target price on shares of Marathon Petroleum to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. TD Cowen lifted their target price on shares of Marathon Petroleum to $320.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. UBS Group set a $285.00 target price on shares of Marathon Petroleum in a research report on Wednesday, May 6th. Finally, Scotiabank lifted their target price 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 given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $268.50.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,810 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total value of $406,851.80. Following the transaction, the insider directly owned 10,188 shares of the company’s stock, valued at approximately $2,290,058.64. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 4,473 shares of company stock valued at $1,015,428 over the last quarter. Company insiders own 0.17% of the company’s stock.

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.