Souders Financial Advisors Takes $518,000 Position in Marathon Petroleum Corporation $MPC

Souders Financial Advisors bought a new stake in Marathon Petroleum Corporation (NYSE:MPCFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,184 shares of the oil and gas company’s stock, valued at approximately $518,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marathon Petroleum in the third quarter valued at about $39,000. IAG Wealth Partners LLC bought a new position in shares of Marathon Petroleum in the third quarter valued at about $39,000. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at about $33,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,626 shares of Marathon Petroleum stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares in the company, valued at $1,717,054.50. The trade was a 17.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 4,473 shares of company stock worth $1,015,428. 0.17% of the stock is owned by insiders.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

Marathon Petroleum Stock Up 0.3%

Shares of NYSE:MPC opened at $246.77 on Monday. Marathon Petroleum Corporation has a one year low of $137.30 and a one year high of $255.77. The company has a 50 day moving average of $226.00 and a 200-day moving average of $199.59. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 0.36 and a beta of 0.53.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The company had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. During the same quarter in the previous year, the company earned $0.77 EPS. Marathon Petroleum’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Marathon Petroleum Corporation will post 26.3 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Marathon Petroleum’s payout ratio is currently 29.96%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of research analyst reports. Scotiabank lifted their price target on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. UBS Group lifted their price target on Marathon Petroleum from $221.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Citigroup lifted their price target on Marathon Petroleum from $210.00 to $243.00 and gave the company a “neutral” rating in a report on Friday, April 10th. The Goldman Sachs Group lifted their price target on Marathon Petroleum from $239.00 to $264.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, TD Cowen lifted their price target on Marathon Petroleum from $198.00 to $299.00 and gave the company a “buy” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $241.81.

View Our Latest Stock Report on MPC

About Marathon Petroleum

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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