Adams Natural Resources Fund Inc. Sells 19,900 Shares of Marathon Petroleum Corporation $MPC

Adams Natural Resources Fund Inc. decreased its position in Marathon Petroleum Corporation (NYSE:MPC) by 17.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 92,612 shares of the oil and gas company’s stock after selling 19,900 shares during the period. Marathon Petroleum accounts for about 2.3% of Adams Natural Resources Fund Inc.’s portfolio, making the stock its 9th largest holding. Adams Natural Resources Fund Inc.’s holdings in Marathon Petroleum were worth $15,061,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MPC. Navalign LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $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 worth $33,000 after buying an additional 100 shares in the last quarter. WFA of San Diego LLC acquired a new stake in Marathon Petroleum during the second quarter worth approximately $33,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the topic of a number of research analyst reports. Wall Street Zen raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. 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 note on Thursday, May 7th. Barclays lifted their price target on shares of Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a report on Friday. Finally, Piper Sandler raised their price objective on Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. One equities research 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $272.94.

Marathon Petroleum Stock Up 0.9%

Shares of MPC opened at $263.10 on Friday. The company has a market capitalization of $76.81 billion, a PE ratio of 17.17, a PEG ratio of 0.41 and a beta of 0.52. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $272.46. The stock’s 50-day moving average price is $244.57 and its two-hundred day moving average price is $212.40. 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 announced its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping the consensus estimate of $0.74 by $0.91. The firm had revenue of $34.20 billion for 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 business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS. On average, analysts anticipate that Marathon Petroleum Corporation will post 31.05 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.5%. Marathon Petroleum’s payout ratio is presently 26.11%.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Marathon Petroleum was added to the Dow Jones Best-in-Class Indices after earning a top-quartile ESG score in the S&P Global Corporate Sustainability Assessment, which can support demand from sustainability-focused investors. Marathon Petroleum Named to Dow Jones Best-in-Class Indices
• Positive Sentiment: Wells Fargo raised its price target on MPC to $344 from $335, signaling continued analyst confidence and implying meaningful upside from current levels. Wells Fargo adjusts Marathon Petroleum price target
• Positive Sentiment: Zacks added MPC to its Rank #1 (Strong Buy) growth stocks list, reinforcing the view that the company remains attractive for growth and momentum investors. Best Growth Stocks to Buy for June 12th
• Positive Sentiment: Another Zacks note highlighted MPC as a strong momentum stock, which may be helping traders bid the shares higher in the near term. What Makes Marathon Petroleum (MPC) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Investor commentary across several articles argued that MPC screens as a potentially attractive buy based on valuation and refining fundamentals, but these pieces were opinion-driven rather than new company-specific announcements. Is Marathon Petroleum Corporation (MPC) A Good Stock To Buy Now?

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president directly owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Marathon Petroleum 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.