Marathon Petroleum Corporation $MPC Stock Position Raised by Vestor Capital LLC

Vestor Capital LLC boosted its stake in Marathon Petroleum Corporation (NYSE:MPC) by 5,350.5% in the third quarter, HoldingsChannel reports. The firm owned 6,050 shares of the oil and gas company’s stock after acquiring an additional 5,939 shares during the period. Vestor Capital LLC’s holdings in Marathon Petroleum were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Solstein Capital LLC bought a new position in shares of Marathon Petroleum during the 2nd quarter valued at $26,000. Caitlin John LLC bought a new stake in shares of Marathon Petroleum in the second quarter worth $26,000. Bell Investment Advisors Inc bought a new stake in shares of Marathon Petroleum in the second quarter worth $27,000. Main Street Group LTD purchased a new stake in Marathon Petroleum during the first quarter valued at $35,000. Finally, Cetera Trust Company N.A purchased a new stake in Marathon Petroleum during the second quarter valued at $35,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, VP Erin M. Brzezinski sold 570 shares of Marathon Petroleum stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the sale, the vice president directly owned 1,576 shares in the company, valued at approximately $571,757.04. The trade was a 26.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Molly Benson sold 17,196 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares in the company, valued at approximately $10,876,862.38. The trade was a 36.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,691 shares of company stock valued at $7,780,127. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MPC. Jefferies Financial Group reissued a “hold” rating and issued a $433.00 target price on shares of Marathon Petroleum in a research report on Sunday, October 11th. Mizuho boosted their target price on shares of Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Piper Sandler boosted their target price on shares of Marathon Petroleum from $462.00 to $466.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. UBS Group set a $510.00 price target on shares of Marathon Petroleum in a research report on Friday, October 9th. Finally, Bank of America lifted their price target on shares of Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $425.12.

Marathon Petroleum Stock Up 4.6%

Shares of MPC stock opened at $389.91 on Tuesday. The company has a market capitalization of $106.16 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.10 and a beta of 0.53. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.45 and a quick ratio of 0.89. The company’s fifty day moving average price is $422.11 and its 200-day moving average price is $296.41. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $493.98.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share for the quarter, topping the consensus estimate of $25.37 by $1.56. The business had revenue of $56.03 billion during the quarter, compared to the consensus estimate of $46.60 billion. Marathon Petroleum had a return on equity of 55.82% and a net margin of 8.27%. The firm’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.01 EPS. Sell-side analysts expect that Marathon Petroleum Corporation will post 66.31 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.

The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.

Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.