Ensign Peak Advisors Inc Has $34.72 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Ensign Peak Advisors Inc lifted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 248,892 shares of the oil and gas company’s stock after purchasing an additional 9,342 shares during the period. Ensign Peak Advisors Inc’s holdings in Marathon Petroleum were worth $34,720,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter worth about $27,000. Asset Planning Inc bought a new stake in Marathon Petroleum during the fourth quarter worth approximately $28,000. Sierra Ocean LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. lifted its stake in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock worth $42,000 after buying an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Marathon Petroleum during the 4th quarter worth $44,000. 76.77% of the stock is currently owned by institutional investors.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now directly owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Performance

NYSE MPC opened at $150.90 on Friday. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock has a market cap of $47.01 billion, a P/E ratio of 15.20, a PEG ratio of 3.11 and a beta of 0.87. The company’s 50-day simple moving average is $137.10 and its 200 day simple moving average is $145.10.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. As a group, research analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.41%. Marathon Petroleum’s dividend payout ratio is presently 36.66%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MPC shares. TD Cowen boosted their target price on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley cut their price objective on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company lowered their target price on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Piper Sandler cut their price target on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, Scotiabank lowered their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $172.93.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.