ABN Amro Investment Solutions Invests $2.50 Million in Marathon Petroleum Corporation $MPC

ABN Amro Investment Solutions purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 15,385 shares of the oil and gas company’s stock, valued at approximately $2,502,000.

Several other institutional investors have also modified their holdings of MPC. Navalign LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at approximately $31,000. WFA of San Diego LLC purchased a new stake in Marathon Petroleum in the 2nd quarter valued at approximately $33,000. Berbice Capital Management LLC lifted its stake in Marathon Petroleum by 100.0% in the 4th 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 in the last quarter. Finally, Ares Financial Consulting LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MPC. Morgan Stanley upped their target price on Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Citigroup upped their target price on Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. BMO Capital Markets upped their target price on Marathon Petroleum from $255.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Barclays upped their target price on Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Scotiabank upped their target price on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average target price of $259.44.

Marathon Petroleum Stock Up 2.7%

Shares of NYSE MPC opened at $255.22 on Friday. Marathon Petroleum Corporation has a 12-month low of $155.93 and a 12-month high of $264.14. The company has a market cap of $74.51 billion, a P/E ratio of 16.66, a P/E/G ratio of 0.33 and a beta of 0.53. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average price of $238.34 and a 200 day moving average price of $205.61.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.91. The company had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned ($0.24) earnings per share. Research analysts anticipate that Marathon Petroleum Corporation will post 29.67 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given 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 1.6%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum 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 owned 10,188 shares of the company’s stock, valued at $2,290,058.64. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 4,473 shares of company stock worth $1,015,428 over the last quarter. Company insiders own 0.17% 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.