Bearing Point Capital LLC Grows Position in Marathon Petroleum Corporation $MPC

Bearing Point Capital LLC boosted its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 457.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,013 shares of the oil and gas company’s stock after acquiring an additional 8,218 shares during the quarter. Bearing Point Capital LLC’s holdings in Marathon Petroleum were worth $1,628,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MPC. Norges Bank purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at $472,312,000. Eurizon SLJ Capital Ltd purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at $93,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at $9,077,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at $545,000. Finally, National Pension Service increased its position in shares of Marathon Petroleum by 4.3% in the fourth quarter. National Pension Service now owns 885,426 shares of the oil and gas company’s stock valued at $143,997,000 after buying an additional 36,158 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum was upgraded to Zacks Rank #1 (Strong Buy), signaling stronger earnings expectations and a more favorable near-term outlook. What Makes Marathon Petroleum (MPC) a New Strong Buy Stock
• Positive Sentiment: MPC appeared on Zacks’ momentum, value, and growth stock screens, which reinforces investor interest from multiple angles. Best Momentum Stock to Buy for May 28th
• Positive Sentiment: The stock was also added to Zacks’ “New Strong Buy” and “Best Growth Stocks” lists, which may help sustain bullish sentiment among traders and growth-focused investors. New Strong Buy Stocks for May 28th
• Positive Sentiment: Marathon Petroleum was highlighted in a Zacks energy growth-stock article alongside other names benefiting from supply risks and strong demand, suggesting the sector backdrop remains supportive. 3 Energy Growth Stocks Riding Supply Risks and Strong Demand

Marathon Petroleum Trading Down 1.1%

Marathon Petroleum stock opened at $248.45 on Friday. The stock has a market cap of $72.53 billion, a PE ratio of 16.22, a P/E/G ratio of 0.40 and a beta of 0.53. The stock has a 50-day moving average price of $240.26 and a 200 day moving average price of $207.70. Marathon Petroleum Corporation has a 52 week low of $155.93 and a 52 week high of $264.14. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The firm had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.24) EPS. Equities research analysts predict that Marathon Petroleum Corporation will post 30.05 earnings per share 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. Shareholders of record on Wednesday, May 20th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the firm’s 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 sale, the insider directly owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 4,473 shares of company stock valued at $1,015,428. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MPC has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Barclays raised their price target on Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on Marathon Petroleum to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Mizuho lifted their price objective on Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $268.50.

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.