Segall Bryant & Hamill LLC Purchases Shares of 25,187 Marathon Petroleum Corporation $MPC

Segall Bryant & Hamill LLC purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 25,187 shares of the oil and gas company’s stock, valued at approximately $5,711,000.

Several other large investors also recently made changes to their positions in the stock. Equitable Trust Co. lifted its stake in Marathon Petroleum by 1.6% in the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock valued at $644,000 after acquiring an additional 42 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in shares of Marathon Petroleum by 0.4% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock worth $2,411,000 after purchasing an additional 42 shares during the last quarter. Wellington Grp LLC raised its holdings in shares of Marathon Petroleum by 9.6% in the 1st quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 45 shares during the period. Hunter Associates Investment Management LLC raised its holdings in shares of Marathon Petroleum by 1.6% in the 1st quarter. Hunter Associates Investment Management LLC now owns 3,220 shares of the oil and gas company’s stock valued at $786,000 after purchasing an additional 50 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its stake in Marathon Petroleum by 2.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,050 shares of the oil and gas company’s stock valued at $333,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MPC. Jefferies Financial Group set a $335.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. raised their price objective on Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. Bank of America lifted their target price on Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. The Goldman Sachs Group boosted their target price on Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $298.69.

Insider Transactions at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was 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 of the company’s stock, valued at $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $307.20 on Tuesday. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $326.92. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The company has a 50-day simple moving average of $275.17 and a two-hundred day simple moving average of $238.78. The stock has a market capitalization of $89.68 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 0.20 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. During the same quarter in the prior year, the business posted ($0.24) EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corporation will post 43.19 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s payout ratio is 26.11%.

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.