Cambridge Investment Research Advisors Inc. Has $4.80 Million Position in Marathon Petroleum Corp (MPC)

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Cambridge Investment Research Advisors Inc. increased its position in Marathon Petroleum Corp (NYSE:MPC) by 18.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,150 shares of the oil and gas company’s stock after buying an additional 12,705 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Marathon Petroleum were worth $4,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MPC. Hanson McClain Inc. bought a new stake in Marathon Petroleum in the fourth quarter valued at $25,000. Alpha Omega Wealth Management LLC boosted its holdings in Marathon Petroleum by 135.1% in the first quarter. Alpha Omega Wealth Management LLC now owns 435 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 250 shares in the last quarter. Certified Advisory Corp boosted its holdings in Marathon Petroleum by 71.2% in the fourth quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 198 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at $30,000. Finally, Claybrook Capital LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at $30,000. 76.86% of the stock is currently owned by institutional investors.

In other Marathon Petroleum news, insider Donald C. Templin bought 5,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $50.74 per share, for a total transaction of $253,700.00. Following the acquisition, the insider now owns 93,182 shares in the company, valued at approximately $4,728,054.68. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.06% of the company’s stock.

MPC has been the topic of several recent analyst reports. Wells Fargo & Co cut their price target on shares of Marathon Petroleum from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. ValuEngine upgraded shares of Marathon Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 22nd. Morgan Stanley cut their price target on shares of Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Raymond James cut their price target on shares of Marathon Petroleum from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 9th. Finally, Cowen reiterated an “outperform” rating and issued a $90.00 price target (down previously from $101.00) on shares of Marathon Petroleum in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $85.68.

Shares of MPC stock opened at $50.29 on Monday. Marathon Petroleum Corp has a 12 month low of $49.71 and a 12 month high of $88.45. The firm has a market cap of $33.32 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35. The company has a current ratio of 1.20, a quick ratio of 0.55 and a debt-to-equity ratio of 0.69.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.10). Marathon Petroleum had a net margin of 2.56% and a return on equity of 11.10%. The business had revenue of $28.62 billion for the quarter, compared to the consensus estimate of $27.70 billion. During the same quarter last year, the firm posted $0.08 EPS. The business’s quarterly revenue was up 50.7% on a year-over-year basis. As a group, analysts expect that Marathon Petroleum Corp will post 4.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 31.27%.

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Marathon Petroleum Profile

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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