Virtu Financial LLC Takes $2.99 Million Position in Marathon Petroleum Corporation $MPC

Virtu Financial LLC purchased a new position in Marathon Petroleum Corporation (NYSE:MPC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 18,400 shares of the oil and gas company’s stock, valued at approximately $2,992,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Navalign LLC purchased a new position in Marathon Petroleum in the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth about $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marathon Petroleum during the 3rd quarter valued at about $39,000. WFA of San Diego LLC bought a new stake in shares of Marathon Petroleum in the 2nd quarter valued at approximately $33,000. Finally, IAG Wealth Partners LLC bought a new stake in shares of Marathon Petroleum in the 3rd quarter valued at approximately $39,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MPC shares. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Piper Sandler lifted their target price on shares of Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Citigroup boosted their target price on shares of Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group raised their price target on shares of Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $272.94.

Insider Buying and Selling at Marathon Petroleum

In other news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $243.11 on Friday. The business’s 50-day simple moving average is $244.96 and its 200-day simple moving average is $214.12. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. Marathon Petroleum Corporation has a 52 week low of $158.00 and a 52 week high of $272.46. The firm has a market cap of $70.97 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 0.38 and a beta of 0.52.

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

Marathon Petroleum Announces Dividend

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

Marathon Petroleum News Summary

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Wall Street’s broadly bullish analyst views suggest investors still see upside potential in Marathon Petroleum, even after its strong recent performance. Is It Worth Investing in Marathon Petroleum (MPC) Based on Wall Street’s Bullish Views?
• Positive Sentiment: One market analysis said MPC could be about 5.5% undervalued, which may attract value-focused buyers if investors believe the refining business remains resilient. Marathon Petroleum (MPC) Stock Could Be 5.5% Undervalued Despite Its Strong Run
• Neutral Sentiment: Recent coverage comparing MPC with Delek and other refiners is keeping attention on valuation and earnings revisions, but it does not point to a clear near-term catalyst on its own. Delek vs. Marathon Petroleum: Which Stock Offers Better Refining Bet?
• Negative Sentiment: A trading-day recap noted that MPC declined more than the broader market, signaling some profit-taking or weaker sentiment in the near term. Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Oil-market headlines about the Strait of Hormuz reopening could weigh on refining and energy sentiment if traders expect less geopolitical support for crude prices. Marathon Petroleum (MPC) Faces A New Oil Reality As The Strait Of Hormuz Reopens

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.