Lee Johnson Capital Management LLC Purchases Shares of 13,172 Marathon Petroleum Corporation $MPC

Lee Johnson Capital Management LLC purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,172 shares of the oil and gas company’s stock, valued at approximately $2,539,000.

Other hedge funds have also made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new stake in Marathon Petroleum during the second quarter worth approximately $25,000. Activest Wealth Management lifted its position in shares of Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after buying an additional 119 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at $33,000. Finally, Transce3nd LLC grew its position in shares of Marathon Petroleum by 10,250.0% in the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MPC shares. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research note on Tuesday, December 9th. UBS Group lifted their target price on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Evercore ISI upped their target price on Marathon Petroleum from $170.00 to $210.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Wall Street Zen downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a research note on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $203.07.

Marathon Petroleum Stock Up 0.1%

MPC opened at $163.82 on Wednesday. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $202.29. The business has a 50 day moving average price of $187.03 and a two-hundred day moving average price of $180.28. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a market cap of $49.24 billion, a PE ratio of 17.46, a P/E/G ratio of 0.86 and a beta of 0.72.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The business had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. As a group, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.4%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio is currently 42.64%.

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.