BNB Wealth Management LLC Purchases Shares of 2,295 Marathon Petroleum Corporation $MPC

BNB Wealth Management LLC purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPCFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,295 shares of the oil and gas company’s stock, valued at approximately $373,000.

Other large investors have also added to or reduced their stakes in the company. Navalign LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $31,000. Berbice Capital Management LLC grew its stake 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 valued at $33,000 after buying an additional 100 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum during the second quarter valued at about $33,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MPC. Weiss Ratings cut Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Raymond James Financial raised their target price on Marathon Petroleum from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Jefferies Financial Group raised their target price on Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Morgan Stanley raised their target price on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, Scotiabank raised their target price on Marathon Petroleum from $174.00 to $210.00 and gave the stock 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 issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $272.94.

Check Out Our Latest Stock Analysis on Marathon Petroleum

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $244.63 on Thursday. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $272.46. The firm has a market cap of $71.42 billion, a P/E ratio of 15.97, a PEG ratio of 0.38 and a beta of 0.52. The company has a 50 day moving average of $244.99 and a 200 day moving average of $213.77. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPCGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same period in the previous year, the business earned ($0.24) EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, research analysts expect that Marathon Petroleum Corporation will post 31.95 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

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

More Marathon Petroleum News

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

Insiders Place Their Bets

In related news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. The trade was a 27.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

Marathon Petroleum Company Profile

(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.

Further Reading

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

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