3,157 Shares in Marathon Petroleum Corporation $MPC Bought by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,157 shares of the oil and gas company’s stock, valued at approximately $513,000.

A number of other large investors have also added to or reduced their stakes in the company. Navalign LLC bought a new position in shares of 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 during the fourth quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Marathon Petroleum during the third quarter valued at approximately $39,000. IAG Wealth Partners LLC bought a new position in shares of Marathon Petroleum during the third quarter valued at approximately $39,000. Finally, Berbice Capital Management LLC lifted its stake in Marathon Petroleum by 100.0% in 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 period. Institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MPC shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $344.00 price target on shares of Marathon Petroleum in a report on Monday. Raymond James Financial raised their target price on shares of Marathon Petroleum from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their target price on shares of Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Piper Sandler boosted their price target on shares of Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Finally, Bank of America increased their price target on shares of Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $272.94.

Insider Transactions at Marathon Petroleum

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 shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Down 4.8%

Marathon Petroleum stock opened at $250.88 on Tuesday. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $272.46. The company has a market capitalization of $73.24 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 0.41 and a beta of 0.52. The business’s fifty day simple moving average is $244.75 and its two-hundred day simple moving average is $212.99. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.91. The firm had revenue of $34.20 billion during the quarter, compared to the consensus estimate 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 was up 8.5% on a year-over-year basis. During the same period last year, the company earned ($0.24) earnings per share. As a group, equities analysts predict that Marathon Petroleum Corporation will post 31.05 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

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 dividend of $1.00 per share. 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 dividend payout ratio (DPR) is currently 26.11%.

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.