2,198 Shares in Marathon Petroleum Corporation $MPC Purchased by Sanchez Levi Garrett

Sanchez Levi Garrett acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, HoldingsChannel reports. The institutional investor acquired 2,198 shares of the oil and gas company’s stock, valued at approximately $562,000. Marathon Petroleum comprises 0.3% of Sanchez Levi Garrett’s portfolio, making the stock its 28th largest position.

Other large investors also recently made changes to their positions in the company. Energy Income Partners LLC purchased a new position in Marathon Petroleum in the second quarter valued at approximately $4,912,000. Evolve Private Wealth LLC purchased a new stake in Marathon Petroleum in the second quarter worth $673,000. Pictet Asset Management Holding SA raised its stake in shares of Marathon Petroleum by 31.0% in the first quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company’s stock valued at $52,146,000 after buying an additional 50,521 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of Marathon Petroleum by 570.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company’s stock valued at $41,180,000 after buying an additional 143,500 shares during the last quarter. Finally, North Dakota State Investment Board purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at $1,714,000. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. 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. BMO Capital Markets reaffirmed an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Piper Sandler lifted their target price on shares of Marathon Petroleum from $343.00 to $344.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. TD Cowen boosted their price target on shares of Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, UBS Group restated a “buy” rating and set a $321.00 price target on shares of Marathon Petroleum in a research note on Friday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $312.50.

Insider Activity

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on 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 sale, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. This represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. The trade was a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,032 shares of company stock worth $8,744,213. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Stock Performance

Shares of MPC opened at $362.70 on Thursday. The stock’s 50-day simple moving average is $303.95 and its 200 day simple moving average is $258.31. The stock has a market capitalization of $105.89 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $367.60.

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

Marathon Petroleum Dividend Announcement

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

About Marathon Petroleum

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.