Marathon Petroleum Corporation $MPC Shares Bought by Journey Advisory Group LLC

Journey Advisory Group LLC grew its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 19.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 48,920 shares of the oil and gas company’s stock after buying an additional 7,820 shares during the quarter. Marathon Petroleum makes up 1.0% of Journey Advisory Group LLC’s holdings, making the stock its 27th biggest holding. Journey Advisory Group LLC’s holdings in Marathon Petroleum were worth $11,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Marathon Petroleum by 30.9% in the 4th 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 period. Woodline Partners LP grew its holdings in shares of Marathon Petroleum by 38.3% during the 1st 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 period. Sivia Capital Partners LLC increased its position in Marathon Petroleum by 26.6% during the 2nd 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 in the last quarter. Marshall Wace LLP purchased a new position in Marathon Petroleum in the second quarter valued at approximately $8,505,000. Finally, AXA S.A. raised its holdings in Marathon Petroleum by 46.7% in the second quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock valued at $6,590,000 after buying an additional 12,639 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marathon Petroleum

In other news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum Trading Down 1.3%

MPC opened at $299.39 on Thursday. The firm’s 50 day moving average is $259.70 and its 200-day moving average is $225.73. Marathon Petroleum Corporation has a 52-week low of $158.00 and a 52-week high of $304.36. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $87.40 billion, a P/E ratio of 19.54, a P/E/G ratio of 0.42 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last announced its 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 business had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) earnings per share. Analysts expect that Marathon Petroleum Corporation will post 34.58 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. Shareholders of record on Wednesday, May 20th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 6th. Zacks Research downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. upped their price target on shares of Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. Mizuho increased their price target on Marathon Petroleum from $224.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Raymond James Financial raised their price objective on Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $283.56.

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.