Magnolia Capital Advisors LLC Purchases Shares of 5,142 Marathon Petroleum Corporation $MPC

Magnolia Capital Advisors LLC acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,142 shares of the oil and gas company’s stock, valued at approximately $1,315,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in Marathon Petroleum by 3.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock valued at $329,000 after purchasing an additional 40 shares during the last quarter. Equitable Trust Co. increased its position in Marathon Petroleum by 1.6% during the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock worth $644,000 after buying an additional 42 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in Marathon Petroleum by 0.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock worth $2,411,000 after buying an additional 42 shares during the last quarter. Wellington Grp LLC raised its stake in Marathon Petroleum by 9.6% in the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 45 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of Marathon Petroleum by 2.2% in the second quarter. Avior Wealth Management LLC now owns 2,108 shares of the oil and gas company’s stock valued at $539,000 after buying an additional 46 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Transactions at Marathon Petroleum

In other news, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum stock in a transaction on Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the sale, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. The trade was a 16.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,032 shares of company stock valued at $8,744,213. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MPC has been the subject of several research analyst reports. Weiss Ratings upgraded Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Morgan Stanley increased their price target on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Citigroup lifted their price objective on shares of Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Bank of America upped their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Finally, Barclays increased their price objective on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average target price of $312.50.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $362.70 on Thursday. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $367.60. The stock’s 50 day moving average is $303.95 and its 200-day moving average is $258.31. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $105.89 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.23 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The company had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.96 earnings per share. Equities research analysts expect that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.1%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

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.