Discipline Wealth Solutions LLC Takes $500,000 Position in Marathon Petroleum Corporation $MPC

Discipline Wealth Solutions LLC acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 2,046 shares of the oil and gas company’s stock, valued at approximately $500,000.

Several other hedge funds have also added to or reduced their stakes in the business. Diversified Trust Co. raised its holdings in Marathon Petroleum by 39.3% during the 4th quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock worth $2,549,000 after buying an additional 4,419 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Marathon Petroleum in the third quarter valued at approximately $1,004,000. North Dakota State Investment Board acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $1,714,000. USA Financial Formulas bought a new stake in shares of Marathon Petroleum during the fourth quarter worth $791,000. Finally, KBC Group NV increased its position in shares of Marathon Petroleum by 22.4% during the fourth quarter. KBC Group NV now owns 225,837 shares of the oil and gas company’s stock worth $36,728,000 after acquiring an additional 41,259 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC opened at $247.13 on Tuesday. The company has a market cap of $72.15 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 0.37 and a beta of 0.52. The firm has a 50-day moving average of $245.65 and a 200-day moving average of $214.83. Marathon Petroleum Corporation has a one year low of $158.00 and a one year high of $272.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. During the same period in the prior year, the firm earned ($0.24) EPS. Marathon Petroleum’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts forecast that Marathon Petroleum Corporation will post 31.35 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, May 20th. Marathon Petroleum’s payout ratio is 26.11%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Scotiabank increased their target price on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 17th. Raymond James Financial boosted their price target on Marathon Petroleum from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, Barclays upped their price objective on Marathon Petroleum from $230.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $272.94.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum 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 stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president owned 16,900 shares in the company, valued at $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate 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.