71 West Capital Partners Invests $334,000 in Marathon Petroleum Corporation $MPC

71 West Capital Partners purchased a new position in Marathon Petroleum Corporation (NYSE:MPCFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,051 shares of the oil and gas company’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MPC. Navalign LLC bought a new stake in Marathon Petroleum during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth $31,000. Berbice Capital Management LLC boosted its position in shares of 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 acquiring an additional 100 shares during the last quarter. WFA of San Diego LLC purchased a new position in Marathon Petroleum during the second quarter valued at $33,000. Finally, Ares Financial Consulting LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at $34,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Trading Down 0.2%

MPC stock opened at $250.26 on Wednesday. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $272.46. The stock has a market capitalization of $73.06 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.38 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. The firm’s fifty day simple moving average is $244.92 and its two-hundred day simple moving average is $213.40.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.91. The firm had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) EPS. As a group, analysts anticipate that Marathon Petroleum Corporation will post 32.16 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.6%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Key Headlines Impacting Marathon Petroleum

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

Insider Activity

In other news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction that occurred on 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 owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Barclays lifted their target price on Marathon Petroleum from $230.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Bank of America boosted their target price on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. UBS Group set a $285.00 price target on Marathon Petroleum in a report on Wednesday, May 6th. Finally, Scotiabank increased their target price on 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 given a Hold rating to the company. According to MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $272.94.

Get Our Latest Stock Analysis on Marathon Petroleum

About Marathon Petroleum

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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