Marathon Petroleum Corporation $MPC Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 3,816.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,306,749 shares of the oil and gas company’s stock after purchasing an additional 1,273,386 shares during the quarter. Pacer Advisors Inc.’s holdings in Marathon Petroleum were worth $212,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPC. Navalign LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $31,000. Berbice Capital Management LLC boosted its stake in shares of 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 valued at $33,000 after buying an additional 100 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of Marathon Petroleum during the second quarter worth approximately $33,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on MPC shares. Jefferies Financial Group upped their price target on shares of Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Piper Sandler boosted their target price on shares of Marathon Petroleum from $197.00 to $228.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Barclays upped their target price on shares of Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial increased their price target on shares of Marathon Petroleum from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. One investment 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 stock. According to data from MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.94.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $243.11 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $272.46. The company has a fifty day moving average price of $244.96 and a two-hundred day moving average price of $214.12. The company has a market cap of $70.97 billion, a PE ratio of 15.87, a P/E/G ratio of 0.38 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping 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 company had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. During the same period in the prior year, the company earned ($0.24) earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Research analysts expect that Marathon Petroleum Corporation will post 31.35 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.6%. Marathon Petroleum’s dividend payout ratio is 26.11%.

Trending Headlines about Marathon Petroleum

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

• Positive Sentiment: Wall Street’s broadly bullish analyst views suggest investors still see upside potential in Marathon Petroleum, even after its strong recent performance. Is It Worth Investing in Marathon Petroleum (MPC) Based on Wall Street’s Bullish Views?
• Positive Sentiment: One market analysis said MPC could be about 5.5% undervalued, which may attract value-focused buyers if investors believe the refining business remains resilient. Marathon Petroleum (MPC) Stock Could Be 5.5% Undervalued Despite Its Strong Run
• Neutral Sentiment: Recent coverage comparing MPC with Delek and other refiners is keeping attention on valuation and earnings revisions, but it does not point to a clear near-term catalyst on its own. Delek vs. Marathon Petroleum: Which Stock Offers Better Refining Bet?
• Negative Sentiment: A trading-day recap noted that MPC declined more than the broader market, signaling some profit-taking or weaker sentiment in the near term. Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Oil-market headlines about the Strait of Hormuz reopening could weigh on refining and energy sentiment if traders expect less geopolitical support for crude prices. Marathon Petroleum (MPC) Faces A New Oil Reality As The Strait Of Hormuz Reopens

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.