National Pension Service Purchases 30,675 Shares of Marathon Petroleum Corporation $MPC

National Pension Service boosted its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 834,960 shares of the oil and gas company’s stock after purchasing an additional 30,675 shares during the period. National Pension Service owned about 0.27% of Marathon Petroleum worth $138,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MPC. Baker Tilly Wealth Management LLC boosted its holdings in shares of Marathon Petroleum by 2.8% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,226 shares of the oil and gas company’s stock valued at $370,000 after buying an additional 60 shares during the last quarter. CHICAGO TRUST Co NA lifted its stake in Marathon Petroleum by 3.9% in the second quarter. CHICAGO TRUST Co NA now owns 1,684 shares of the oil and gas company’s stock valued at $280,000 after acquiring an additional 63 shares during the last quarter. Werba Rubin Papier Wealth Management grew its position in shares of Marathon Petroleum by 4.2% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 64 shares during the period. AdvisorShares Investments LLC increased its stake in shares of Marathon Petroleum by 2.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 2,828 shares of the oil and gas company’s stock worth $470,000 after purchasing an additional 66 shares during the last quarter. Finally, Joseph Group Capital Management raised its holdings in shares of Marathon Petroleum by 0.3% in the 2nd quarter. Joseph Group Capital Management now owns 21,904 shares of the oil and gas company’s stock valued at $3,639,000 after purchasing an additional 67 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the sale, the insider owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC opened at $196.60 on Thursday. The company’s 50 day simple moving average is $188.94 and its 200 day simple moving average is $173.44. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.25. The stock has a market capitalization of $59.10 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 3.88 and a beta of 0.90.

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

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 19th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s payout ratio is currently 38.81%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Cowen dropped their price objective on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Morgan Stanley raised their target price on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Raymond James Financial set a $200.00 price target on shares of Marathon Petroleum in a report on Tuesday, November 4th. Mizuho lifted their price target on Marathon Petroleum from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Finally, Scotiabank reiterated an “outperform” rating on shares of Marathon Petroleum in a research report on Thursday, October 9th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $200.00.

About Marathon Petroleum

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.