Baer Investment Advisory LLC Takes $1.37 Million Position in Marathon Petroleum Corporation $MPC

Baer Investment Advisory LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,622 shares of the oil and gas company’s stock, valued at approximately $1,373,000.

Several other large investors have also recently bought and sold shares of MPC. Navalign LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $31,000. WFA of San Diego LLC acquired a new position in Marathon Petroleum during the second quarter worth $33,000. Berbice Capital Management LLC boosted 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 purchasing an additional 100 shares in the last quarter. Finally, Ares Financial Consulting LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was 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 of the company’s stock, valued at $4,543,058. This represents a 27.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MPC. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 17th. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their target price on shares of Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. Scotiabank lifted their target price on shares of Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $272.62.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $266.50 on Friday. Marathon Petroleum Corporation has a 52 week low of $158.00 and a 52 week high of $272.46. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The stock has a market cap of $77.80 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 0.39 and a beta of 0.52. The stock has a 50 day moving average of $252.10 and a 200-day moving average of $218.93.

Marathon Petroleum (NYSE:MPC) last issued its quarterly 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. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. During the same quarter last year, the company posted ($0.24) earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Corporation will post 32.96 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.5%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 26.11%.

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.