Csenge Advisory Group Invests $5.58 Million in Marathon Petroleum Corporation $MPC

Csenge Advisory Group acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,824 shares of the oil and gas company’s stock, valued at approximately $5,580,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bell Investment Advisors Inc purchased a new stake in Marathon Petroleum during the 2nd quarter worth about $27,000. Main Street Group LTD acquired a new position in shares of Marathon Petroleum during the first quarter worth about $35,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Marathon Petroleum during the first quarter worth approximately $40,000. Navalign LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $31,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marathon Petroleum

In other news, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael A. Henschen II sold 6,336 shares of the firm’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 transaction of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Down 1.4%

Shares of NYSE:MPC opened at $361.02 on Thursday. The firm has a 50 day simple moving average of $293.31 and a 200-day simple moving average of $252.19. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $367.24. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $105.40 billion, a PE ratio of 12.41, a P/E/G ratio of 0.24 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period last year, the firm posted $3.96 EPS. The company’s revenue was up 53.5% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio is 13.75%.

Analyst Upgrades and Downgrades

MPC has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. JPMorgan Chase & Co. raised their price objective on shares of Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. The Goldman Sachs Group lifted their price objective on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Mizuho boosted their target price on shares of Marathon Petroleum from $284.00 to $304.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, Evercore set a $330.00 target price on Marathon Petroleum in a report on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.50.

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.