Osmosis Investment Management UK Ltd Buys New Position in Marathon Petroleum Corporation $MPC

Osmosis Investment Management UK Ltd acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, Holdings Channel reports. The fund acquired 4,610 shares of the oil and gas company’s stock, valued at approximately $1,179,000.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of Marathon Petroleum in the second quarter valued at about $23,456,000. Saranac Partners Ltd purchased a new position in Marathon Petroleum during the second quarter worth about $467,000. Solstein Capital LLC purchased a new position in Marathon Petroleum during the second quarter worth about $26,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Marathon Petroleum in the 2nd quarter worth about $2,473,000. Finally, Nitor Capital Management LLC purchased a new stake in Marathon Petroleum in the 2nd quarter valued at about $274,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $362.34 on Tuesday. The company has a market capitalization of $105.78 billion, a P/E ratio of 12.46, a P/E/G ratio of 0.23 and a beta of 0.52. The business has a fifty day simple moving average of $299.48 and a two-hundred day simple moving average of $256.01. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $367.60.

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

Marathon Petroleum Dividend Announcement

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

Insider Activity

In related news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,032 shares of company stock valued at $8,744,213 over the last quarter. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $344.00 to $359.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating and issued a $321.00 target price on shares of Marathon Petroleum in a report on Friday, July 10th. Morgan Stanley lifted their price target on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Jefferies Financial Group set a $335.00 price objective on Marathon Petroleum and gave the stock a “buy” rating in a research report on Sunday, July 12th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $312.50.

Marathon Petroleum Company 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.