Bleakley Financial Group LLC Acquires New Position in Marathon Petroleum Corporation $MPC

Bleakley Financial Group LLC acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 10,054 shares of the oil and gas company’s stock, valued at approximately $1,635,000.

Other large investors have also bought and sold shares of the company. Navalign LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at approximately $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in Marathon Petroleum in the third quarter valued at approximately $39,000. IAG Wealth Partners LLC acquired a new position in Marathon Petroleum in the third quarter valued at approximately $39,000. Finally, Berbice Capital Management LLC raised its holdings in Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 100 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Marathon Petroleum was upgraded to Zacks Rank #1 (Strong Buy), signaling stronger earnings outlook and possible near-term upside. What Makes Marathon Petroleum (MPC) a New Strong Buy Stock
• Positive Sentiment: MPC was also included on Zacks’ Strong Buy momentum stocks list, reinforcing short-term bullish sentiment. Best Momentum Stock to Buy for May 28th
• Positive Sentiment: The stock was added to Zacks’ Strong Buy value list, which may support investor interest from value-focused buyers. Best Value Stock to Buy for May 28th
• Positive Sentiment: MPC was also named among Zacks’ Strong Buy growth stocks, adding another bullish screen-based signal. Best Growth Stocks to Buy for May 28th
• Neutral Sentiment: Investors are also paying more attention to Marathon Petroleum, which can increase trading interest but is not a fundamental catalyst by itself. Here is What to Know Beyond Why Marathon Petroleum Corporation (MPC) is a Trending Stock
• Negative Sentiment: One article noted that Marathon Petroleum insiders sold about $2.3 million of stock over the past year, which could make some investors more cautious. Marathon Petroleum Insiders Sell US$2.3m Of Stock, Possibly Signalling Caution

Marathon Petroleum Stock Up 1.9%

Marathon Petroleum stock opened at $251.71 on Friday. The company has a market cap of $73.48 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.40 and a beta of 0.53. Marathon Petroleum Corporation has a 1-year low of $155.93 and a 1-year high of $264.14. The company has a fifty day simple moving average of $240.01 and a 200 day simple moving average of $207.41. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter last year, the firm earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Research analysts anticipate that Marathon Petroleum Corporation will post 30.05 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is 26.11%.

Analyst Ratings Changes

MPC has been the topic of several analyst reports. 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 report on Wednesday. TD Cowen raised their price objective on shares of Marathon Petroleum to $320.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised their price objective on shares of Marathon Petroleum from $264.00 to $291.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Finally, Piper Sandler raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $268.50.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,810 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total value of $406,851.80. Following the completion of the transaction, the insider owned 10,188 shares of the company’s stock, valued at $2,290,058.64. This trade represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 4,473 shares of company stock valued at $1,015,428. Company insiders own 0.17% of the company’s stock.

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.