Nykredit A S Purchases Shares of 124,093 Marathon Petroleum Corporation $MPC

Nykredit A S acquired a new position in Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 124,093 shares of the oil and gas company’s stock, valued at approximately $31,727,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Solstein Capital LLC bought a new stake in Marathon Petroleum during the second quarter worth approximately $26,000. Caitlin John LLC acquired a new position in Marathon Petroleum in the second quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new position in shares of Marathon Petroleum in the second quarter valued at $27,000. Navalign LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at $30,000. Finally, Berbice Capital Management LLC lifted its position in shares of Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marathon Petroleum news, SVP Shawn Lyon sold 1,000 shares of Marathon Petroleum stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $375.75, for a total transaction of $375,750.00. Following the transaction, the senior vice president owned 11,194 shares of the company’s stock, valued at $4,206,145.50. The trade was a 8.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Erin M. Brzezinski sold 570 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the completion of the transaction, the vice president owned 1,576 shares in the company, valued at $571,757.04. This represents a 26.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 21,691 shares of company stock worth $7,780,127. 0.17% of the stock is currently owned by company insiders.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $387.66 on Friday. The company’s fifty day moving average is $319.58 and its two-hundred day moving average is $265.65. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $398.52. The company has a market cap of $113.17 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.25 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping 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 business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter last year, the firm posted $3.96 earnings per share. Marathon Petroleum’s revenue was up 53.5% compared to the same quarter last year. Equities analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed 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 yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MPC. Morgan Stanley lifted their target price on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. The Goldman Sachs Group upped their target price on Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Zacks Research lowered Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 17th. TD Cowen lifted their price target on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $322.44.

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.