JOYN Advisors Inc. acquired a new position in Marathon Petroleum Corp (NYSE:MPC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,227 shares of the oil and gas company’s stock, valued at approximately $279,000.
A number of other hedge funds also recently bought and sold shares of MPC. Truewealth LLC bought a new position in Marathon Petroleum in the 4th quarter worth approximately $114,000. American Beacon Advisors Inc. bought a new position in Marathon Petroleum in the 4th quarter worth approximately $116,000. Cerebellum GP LLC bought a new position in Marathon Petroleum in the 4th quarter worth approximately $121,000. BB&T Investment Services Inc. raised its position in Marathon Petroleum by 118.2% in the 3rd quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 1,659 shares during the last quarter. Finally, MHI Funds LLC bought a new position in Marathon Petroleum in the 4th quarter worth approximately $189,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.
In other news, VP C. Michael Palmer sold 17,298 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $64.55, for a total value of $1,116,585.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Bunch purchased 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average cost of $67.38 per share, with a total value of $101,070.00. Following the acquisition, the director now directly owns 12,853 shares in the company, valued at $866,035.14. The disclosure for this purchase can be found here. Insiders sold a total of 59,276 shares of company stock valued at $3,835,809 in the last three months. 1.05% of the stock is owned by company insiders.
Marathon Petroleum Corp (MPC) opened at $70.22 on Friday. Marathon Petroleum Corp has a fifty-two week low of $47.78 and a fifty-two week high of $73.53. The stock has a market cap of $34,010.00, a price-to-earnings ratio of 18.43, a PEG ratio of 0.97 and a beta of 1.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.75.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.05. Marathon Petroleum had a net margin of 4.60% and a return on equity of 9.90%. The company had revenue of $21.24 billion during the quarter, compared to analyst estimates of $17.27 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. sell-side analysts expect that Marathon Petroleum Corp will post 4.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be issued a $0.46 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 20th. This represents a $1.84 annualized dividend and a dividend yield of 2.62%. Marathon Petroleum’s payout ratio is 48.29%.
ILLEGAL ACTIVITY WARNING: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3253742/4227-shares-in-marathon-petroleum-corp-mpc-acquired-by-joyn-advisors-inc.html.
Marathon Petroleum Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corp (NYSE:MPC).
Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.