Volterra Technologies LP Makes New $674,000 Investment in Marathon Petroleum Corporation $MPC

Volterra Technologies LP purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,759 shares of the oil and gas company’s stock, valued at approximately $674,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Navalign LLC purchased a new position in Marathon Petroleum during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at $31,000. WFA of San Diego LLC purchased a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $33,000. Berbice Capital Management LLC increased its holdings in shares of Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Finally, Ares Financial Consulting LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter worth $34,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, valued at $4,543,058. This represents a 27.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Down 1.2%

Shares of NYSE MPC opened at $311.92 on Friday. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $326.92. The company has a market cap of $91.06 billion, a P/E ratio of 20.36, a P/E/G ratio of 0.42 and a beta of 0.52. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average price of $267.58 and a 200 day moving average price of $232.08.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts anticipate that Marathon Petroleum Corporation will post 35.82 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.3%. Marathon Petroleum’s payout ratio is 26.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MPC shares. Citigroup boosted their price target on Marathon Petroleum from $257.00 to $303.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Barclays raised their price objective on Marathon Petroleum from $270.00 to $289.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Jefferies Financial Group set a $335.00 price objective on Marathon Petroleum and gave the company a “buy” rating in a research note on Sunday, July 12th. Scotiabank boosted their target price on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, Mizuho increased their target price on shares of Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $298.69.

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.