Corient Private Wealth LLC Increases Stake in Marathon Petroleum Corporation $MPC

Corient Private Wealth LLC lifted its stake in Marathon Petroleum Corporation (NYSE:MPC) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,963 shares of the oil and gas company’s stock after buying an additional 4,703 shares during the quarter. Corient Private Wealth LLC’s holdings in Marathon Petroleum were worth $23,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPC. Navalign LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the 4th quarter valued at about $31,000. Berbice Capital Management LLC boosted its holdings in shares of Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. WFA of San Diego LLC purchased 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 stake in shares of Marathon Petroleum in the fourth quarter worth about $34,000. Institutional investors own 76.77% of the company’s stock.

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 on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares of the company’s stock, valued at $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

Marathon Petroleum Trading Up 1.7%

Shares of MPC stock opened at $247.13 on Tuesday. Marathon Petroleum Corporation has a 1 year low of $158.00 and a 1 year high of $272.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $245.65 and its two-hundred day simple moving average is $214.83. The company has a market cap of $72.15 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 0.37 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.91. The business had revenue of $34.20 billion during the quarter, compared to analyst estimates 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 for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company earned ($0.24) EPS. Research analysts predict that Marathon Petroleum Corporation will post 31.35 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MPC shares. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Citigroup raised their price target on Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Jefferies Financial Group lifted their price objective on Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Finally, Bank of America increased their target price on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.94.

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.