Philadelphia Investment Partners LLC Invests $655,000 in Marathon Petroleum Corporation $MPC

Philadelphia Investment Partners LLC bought a new position in Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,838 shares of the oil and gas company’s stock, valued at approximately $655,000.

A number of other large investors have also recently added to or reduced their stakes in MPC. Solstein Capital LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Marathon Petroleum during the second quarter worth $27,000. Navalign LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the 4th quarter worth about $31,000. Finally, Berbice Capital Management LLC raised its holdings in 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 period. 76.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Molly R. Benson sold 17,196 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the transaction, the insider directly owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction 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 sale, the vice president owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,032 shares of company stock valued at $8,744,213 in the last quarter. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Up 2.2%

NYSE:MPC opened at $362.70 on Thursday. The stock has a market cap of $105.89 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $367.60. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The stock’s 50-day moving average is $303.95 and its two-hundred day moving average is $258.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The business had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm’s revenue was up 53.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.96 earnings per share. As a group, equities research analysts forecast that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on MPC. The Goldman Sachs Group raised their target price on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Barclays upped their price target on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Morgan Stanley lifted their price objective on shares of Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Zacks Research downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings upgraded Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $312.50.

Marathon Petroleum 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.