Henrickson Nauta Wealth Advisors Inc. Increases Holdings in Marathon Petroleum Corporation $MPC

Henrickson Nauta Wealth Advisors Inc. increased its position in Marathon Petroleum Corporation (NYSE:MPC) by 87.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,319 shares of the oil and gas company’s stock after purchasing an additional 3,890 shares during the quarter. Henrickson Nauta Wealth Advisors Inc.’s holdings in Marathon Petroleum were worth $1,418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MPC. Norges Bank bought a new position in shares of Marathon Petroleum during the 2nd quarter worth $527,197,000. Boston Partners lifted its stake in Marathon Petroleum by 13.1% in the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock worth $1,024,395,000 after acquiring an additional 715,223 shares during the period. Balyasny Asset Management L.P. lifted its stake in Marathon Petroleum by 27,979.8% in the second quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock worth $109,565,000 after acquiring an additional 657,246 shares during the period. Panagora Asset Management Inc. increased its position in Marathon Petroleum by 217.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 883,763 shares of the oil and gas company’s stock valued at $146,802,000 after purchasing an additional 605,705 shares during the period. Finally, Merewether Investment Management LP purchased a new stake in shares of Marathon Petroleum in the 2nd quarter worth approximately $35,548,000. 76.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MPC. JPMorgan Chase & Co. cut their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Citigroup increased their target price on Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. TD Cowen boosted their price target on Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, BMO Capital Markets upped their price objective on Marathon Petroleum from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $205.44.

Marathon Petroleum Price Performance

Shares of MPC opened at $232.91 on Friday. The company has a market cap of $68.59 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.39 and a beta of 0.69. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $242.98. 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 company has a 50 day moving average of $199.02 and a two-hundred day moving average of $190.14.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The business had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is currently 29.96%.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares in the company, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 4,473 shares of company stock valued at $1,015,428 in the last three months. Company insiders own 0.21% of the company’s stock.

About Marathon Petroleum

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.