Ghe LLC Has $5.18 Million Holdings in Marathon Petroleum Corporation $MPC

Ghe LLC lifted its stake in Marathon Petroleum Corporation (NYSE:MPC) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,843 shares of the oil and gas company’s stock after buying an additional 2,114 shares during the period. Marathon Petroleum makes up approximately 1.7% of Ghe LLC’s investment portfolio, making the stock its 9th biggest position. Ghe LLC’s holdings in Marathon Petroleum were worth $5,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MPC. Brighton Jones LLC lifted its stake in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares during the last quarter. Woodline Partners LP lifted its stake in Marathon Petroleum by 38.3% during the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock worth $3,889,000 after purchasing an additional 7,396 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Marathon Petroleum by 26.6% during the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after purchasing an additional 466 shares during the last quarter. Marshall Wace LLP bought a new stake in Marathon Petroleum during the second quarter worth $8,505,000. Finally, AXA S.A. lifted its stake in shares of Marathon Petroleum by 46.7% in the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock valued at $6,590,000 after acquiring an additional 12,639 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on MPC shares. Jefferies Financial Group increased their price target on Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their price target on Marathon Petroleum from $255.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley increased their price target on Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings cut Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Mizuho increased their price target on Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.75.

Marathon Petroleum Stock Down 2.4%

Shares of NYSE:MPC opened at $248.66 on Wednesday. The firm has a market cap of $72.59 billion, a P/E ratio of 16.23, a P/E/G ratio of 0.33 and a beta of 0.53. 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 Corporation has a 12-month low of $155.93 and a 12-month high of $264.14. The business has a fifty day simple moving average of $239.28 and a 200 day simple moving average of $206.62.

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 for the quarter, topping the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The firm had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same period last year, the company posted ($0.24) EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts predict that Marathon Petroleum Corporation will post 29.67 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

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

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,626 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares in the company, valued at $1,717,054.50. This trade represents a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 4,473 shares of company stock valued at $1,015,428. Company insiders own 0.17% of the company’s stock.

About Marathon Petroleum

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.