1,763 Shares in Marathon Petroleum Corporation $MPC Acquired by Fielder Capital Group LLC

Fielder Capital Group LLC bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,763 shares of the oil and gas company’s stock, valued at approximately $451,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPC. Bank of New York Mellon Corp bought a new stake in Marathon Petroleum in the 2nd quarter worth about $1,029,611,000. Norges Bank bought a new stake in shares of Marathon Petroleum in the fourth quarter worth approximately $472,312,000. Capital Wealth Planning LLC raised its holdings in shares of Marathon Petroleum by 49,392.0% during the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock valued at $245,157,000 after purchasing an additional 1,495,097 shares during the last quarter. Pacer Advisors Inc. lifted its position in Marathon Petroleum by 3,816.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company’s stock valued at $212,517,000 after purchasing an additional 1,273,386 shares during the period. Finally, GHE LLC boosted its holdings in Marathon Petroleum by 1,939.8% in the first quarter. GHE LLC now owns 649,542 shares of the oil and gas company’s stock worth $158,605,000 after purchasing an additional 617,699 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $355.61 on Monday. The company has a market capitalization of $103.82 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.23 and a beta of 0.52. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The stock’s 50-day simple moving average is $287.31 and its 200-day simple moving average is $248.19. Marathon Petroleum Corporation has a 52 week low of $160.87 and a 52 week high of $360.10.

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

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.

Insider Activity

In other news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum 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 owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Scotiabank increased their price target on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Morgan Stanley upped their price objective on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Wells Fargo & Company raised their target price on Marathon Petroleum from $344.00 to $359.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Jefferies Financial Group set a $335.00 price target on Marathon Petroleum and gave the company a “buy” rating in a research note on Sunday, July 12th. Finally, Bank of America increased their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $312.50.

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.