Global Retirement Partners LLC Purchases 2,899 Shares of Marathon Petroleum Corporation $MPC

Global Retirement Partners LLC increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 67.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,181 shares of the oil and gas company’s stock after purchasing an additional 2,899 shares during the quarter. Global Retirement Partners LLC’s holdings in Marathon Petroleum were worth $1,168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Navalign LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum during the fourth quarter worth $31,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Marathon Petroleum during the 3rd quarter worth about $39,000. IAG Wealth Partners LLC bought a new position in shares of Marathon Petroleum during the third quarter valued at approximately $39,000. Finally, Berbice Capital Management LLC grew its position in Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,626 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the transaction, the insider directly owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This represents a 17.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 4,473 shares of company stock worth $1,015,428 in the last three months. 0.17% of the stock is currently owned by insiders.

Marathon Petroleum Price Performance

NYSE:MPC opened at $255.22 on Tuesday. The stock has a market capitalization of $74.51 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.33 and a beta of 0.53. Marathon Petroleum Corporation has a 52 week low of $155.93 and a 52 week high of $264.14. The stock’s 50-day moving average price is $238.83 and its 200-day moving average price is $206.18. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last announced its earnings results 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. The business had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.24) EPS. As a group, equities analysts expect that Marathon Petroleum Corporation will post 29.67 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Marathon Petroleum’s payout ratio is 26.11%.

Analysts Set New Price Targets

A number of brokerages have commented on MPC. Morgan Stanley upped their target price on shares of Marathon Petroleum from $200.00 to $233.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. The Goldman Sachs Group raised their price target on shares of Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.44.

Marathon Petroleum 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.