Focus Partners Advisor Solutions LLC Acquires Shares of 14,841 Marathon Petroleum Corporation $MPC

Focus Partners Advisor Solutions LLC bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 2nd quarter, HoldingsChannel reports. The fund bought 14,841 shares of the oil and gas company’s stock, valued at approximately $3,795,000.

A number of other hedge funds also recently made changes to their positions in MPC. State of Wyoming purchased a new position in shares of Marathon Petroleum in the 2nd quarter worth about $725,000. GSA Capital Partners LLP purchased a new stake in Marathon Petroleum during the second quarter worth about $274,000. Pacific Sage Partners LLC purchased a new stake in Marathon Petroleum during the second quarter worth about $210,000. One Wealth Advisors LLC bought a new stake in Marathon Petroleum in the second quarter worth about $452,000. Finally, Maridea Wealth Management LLC bought a new stake in Marathon Petroleum in the second quarter worth about $351,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $355.61 on Friday. The firm has a market capitalization of $103.82 billion, a PE ratio of 12.22, a P/E/G ratio of 0.23 and a beta of 0.52. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $287.31 and a two-hundred day moving average price of $247.66. Marathon Petroleum Corporation has a twelve month low of $160.87 and a twelve month high of $360.10.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 5.48% and a return on equity of 31.96%. The company’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.96 earnings per share. Equities analysts forecast that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s payout ratio is currently 13.75%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. The trade was a 27.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of research reports. Barclays increased their target price 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. Jefferies Financial Group set a $335.00 price target on shares of Marathon Petroleum and gave the stock a “buy” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. upped their price objective on Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Citigroup increased their price objective on Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Scotiabank raised their target price on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $312.50.

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.