Telemus Capital LLC Has $343,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Telemus Capital LLC lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 4.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,312 shares of the oil and gas company’s stock after acquiring an additional 88 shares during the period. Telemus Capital LLC’s holdings in Marathon Petroleum were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MPC. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the 3rd quarter worth $109,099,000. Acadian Asset Management LLC increased its holdings in Marathon Petroleum by 127.0% in the 3rd quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock worth $186,536,000 after purchasing an additional 689,576 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Marathon Petroleum by 256.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 884,573 shares of the oil and gas company’s stock worth $131,235,000 after purchasing an additional 636,281 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Marathon Petroleum by 248.1% in the 4th quarter. International Assets Investment Management LLC now owns 608,888 shares of the oil and gas company’s stock worth $90,335,000 after purchasing an additional 433,977 shares in the last quarter. Finally, Korea Investment CORP increased its holdings in Marathon Petroleum by 61.9% in the 3rd quarter. Korea Investment CORP now owns 662,266 shares of the oil and gas company’s stock worth $100,227,000 after purchasing an additional 253,321 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Up 1.0 %

Shares of Marathon Petroleum stock opened at $198.27 on Tuesday. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The stock’s 50-day moving average is $190.08 and its 200 day moving average is $165.60. The firm has a market cap of $71.44 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.69 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. During the same quarter in the prior year, the company earned $6.65 EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities research analysts anticipate that Marathon Petroleum Co. will post 19.42 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a $0.825 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 annualized dividend and a yield of 1.66%. Marathon Petroleum’s payout ratio is currently 14.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. upped their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Raymond James upped their target price on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 31st. Scotiabank upped their target price on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Finally, StockNews.com upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.