Transamerica Financial Advisors LLC Buys Shares of 1,662 Marathon Petroleum Corporation $MPC

Transamerica Financial Advisors LLC bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,662 shares of the oil and gas company’s stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MPC. Sanchez Levi Garrett acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $562,000. Corient Private Wealth LP acquired a new position in shares of Marathon Petroleum during the second quarter worth $39,092,000. Perennial Investment Advisors LLC acquired a new position in shares of Marathon Petroleum during the second quarter worth $251,000. Philadelphia Investment Partners LLC bought a new position in shares of Marathon Petroleum in the 2nd quarter valued at $655,000. Finally, Pinnacle Family Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $261,000. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MPC shares. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Wall Street Zen raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Weiss Ratings upgraded Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating and issued a $321.00 price objective on shares of Marathon Petroleum in a research note on Friday, July 10th. Finally, Barclays raised their price objective on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $312.50.

Marathon Petroleum Stock Up 2.2%

Shares of MPC opened at $362.70 on Thursday. The stock’s 50-day moving average price is $303.95 and its two-hundred day moving average price is $258.31. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $367.60. The company has a market capitalization of $105.89 billion, a PE ratio of 12.47, a PEG ratio of 0.23 and a beta of 0.52. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

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

Marathon Petroleum Announces Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.1%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

Insider Transactions at Marathon Petroleum

In other news, insider Molly R. Benson sold 17,196 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction 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 approximately $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,032 shares of company stock worth $8,744,213. Company insiders own 0.17% of the company’s stock.

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.