Sapient Capital LLC Increases Stake in Marathon Petroleum Corporation $MPC

Sapient Capital LLC grew its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 158.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,622 shares of the oil and gas company’s stock after buying an additional 2,222 shares during the period. Sapient Capital LLC’s holdings in Marathon Petroleum were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MPC. Navalign LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the 4th quarter valued at about $31,000. Berbice Capital Management LLC grew its position in shares of Marathon Petroleum by 100.0% during the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. WFA of San Diego LLC purchased a new position in shares of Marathon Petroleum during the second quarter valued at about $33,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter worth about $34,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of research analyst reports. TD Cowen boosted their target price on Marathon Petroleum from $315.00 to $357.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $343.00 price objective on shares of Marathon Petroleum in a research note on Thursday, July 23rd. Jefferies Financial Group set a $335.00 price objective on Marathon Petroleum and gave the stock a “buy” rating in a report on Sunday, July 12th. Raymond James Financial increased their target price on Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Mizuho raised their target price on shares of Marathon Petroleum from $224.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average target price of $298.69.

Marathon Petroleum Stock Down 2.9%

Shares of NYSE:MPC opened at $307.20 on Tuesday. The company has a market cap of $89.68 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 0.20 and a beta of 0.52. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $326.92. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average price of $275.17 and a 200 day moving average price of $238.78.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.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 previous year, the firm posted ($0.24) earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities research analysts predict that Marathon Petroleum Corporation will post 43.19 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Marathon Petroleum’s payout ratio is 26.11%.

Insider Buying and Selling at Marathon Petroleum

In related news, 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 transaction of $1,703,243.52. Following the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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.