Kestra Advisory Services LLC Has $15.30 Million Stock Holdings in Marathon Petroleum Corporation $MPC

Kestra Advisory Services LLC raised its position in Marathon Petroleum Corporation (NYSE:MPC) by 16.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 62,642 shares of the oil and gas company’s stock after buying an additional 8,963 shares during the period. Kestra Advisory Services LLC’s holdings in Marathon Petroleum were worth $15,296,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co. boosted its stake in Marathon Petroleum by 39.3% in the fourth quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock valued at $2,549,000 after acquiring an additional 4,419 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at $791,000. North Dakota State Investment Board bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at $1,714,000. KBC Group NV lifted its stake in shares of Marathon Petroleum by 22.4% in the 4th quarter. KBC Group NV now owns 225,837 shares of the oil and gas company’s stock valued at $36,728,000 after purchasing an additional 41,259 shares during the period. Finally, KKM Financial LLC lifted its stake in shares of Marathon Petroleum by 27.6% in the 3rd quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock valued at $5,050,000 after purchasing an additional 5,661 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 0.1%

Shares of NYSE:MPC traded up $0.30 during mid-day trading on Friday, reaching $283.60. 1,932,314 shares of the stock were exchanged, compared to its average volume of 2,239,416. 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 Corporation has a one year low of $158.00 and a one year high of $287.15. The company has a market cap of $82.79 billion, a P/E ratio of 18.51, a P/E/G ratio of 0.41 and a beta of 0.52. The stock’s 50 day simple moving average is $256.82 and its 200-day simple moving average is $222.50.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The business had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. As a group, equities research analysts predict that Marathon Petroleum Corporation will post 32.96 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of analyst reports. TD Cowen decreased their price objective on Marathon Petroleum from $320.00 to $315.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Jefferies Financial Group boosted their target price on Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on shares of Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Finally, Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $274.88.

Insider Buying and Selling at Marathon Petroleum

In other news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by insiders.

About Marathon Petroleum

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.