5,573 Shares in Marathon Petroleum Corporation $MPC Acquired by Leonteq Securities AG

Leonteq Securities AG bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the fourth quarter, Holdings Channel reports. The fund bought 5,573 shares of the oil and gas company’s stock, valued at approximately $906,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Navalign LLC bought a new stake in Marathon Petroleum during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the 4th quarter worth approximately $31,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Marathon Petroleum in the 3rd quarter worth $39,000. IAG Wealth Partners LLC bought a new position in shares of Marathon Petroleum in the 3rd quarter worth $39,000. Finally, Berbice Capital Management LLC increased its holdings in shares of Marathon Petroleum by 100.0% in 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. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

MPC stock opened at $248.15 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. Marathon Petroleum Corporation has a 52 week low of $154.65 and a 52 week high of $264.14. The firm’s fifty day moving average is $237.77 and its 200 day moving average is $205.26. The firm has a market cap of $72.44 billion, a P/E ratio of 16.20, a P/E/G ratio of 0.34 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. During the same quarter last year, the firm earned ($0.24) EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Research analysts predict that Marathon Petroleum Corporation will post 29.67 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 26.11%.

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,810 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider owned 10,188 shares of the company’s stock, valued at approximately $2,290,058.64. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 4,473 shares of company stock worth $1,015,428. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on MPC. Piper Sandler increased their price target on shares of Marathon Petroleum from $197.00 to $228.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Zacks Research raised shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Mizuho increased their price target on shares of Marathon Petroleum from $205.00 to $224.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. TD Cowen increased their price target on shares of Marathon Petroleum to $320.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Citigroup increased their price target on shares of Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.44.

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.