2,706 Shares in Marathon Petroleum Corporation $MPC Bought by Compass Financial Management LLC

Compass Financial Management LLC purchased a new stake 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 SEC. The institutional investor purchased 2,706 shares of the oil and gas company’s stock, valued at approximately $692,000.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Marathon Petroleum during the second quarter valued at about $6,648,958,000. State Street Corp grew its stake in shares of Marathon Petroleum by 0.3% in the fourth quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock worth $2,916,660,000 after purchasing an additional 47,896 shares during the last quarter. Boston Partners grew its stake in shares of Marathon Petroleum by 2.3% in the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock worth $1,214,522,000 after purchasing an additional 141,691 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Marathon Petroleum during the 2nd quarter valued at about $1,029,611,000. Finally, Norges Bank bought a new position in Marathon Petroleum during the 4th quarter valued at approximately $472,312,000. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In related news, SVP Shawn M. Lyon sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the transaction, the senior vice president owned 12,619 shares of the company’s stock, valued at $4,416,650. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum 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 transaction, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. The trade was a 27.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MPC. Morgan Stanley increased their price objective on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Barclays upped their target price on Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. UBS Group reaffirmed a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a research note on Friday, July 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Finally, Jefferies Financial Group set a $335.00 price objective on shares of Marathon Petroleum and gave the stock a “buy” rating in a report on Sunday, July 12th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.50.

Marathon Petroleum Stock Up 0.4%

NYSE:MPC opened at $362.18 on Monday. The firm’s 50-day moving average price is $297.25 and its 200-day moving average price is $254.78. The company has a market capitalization of $105.73 billion, a PE ratio of 12.45, a P/E/G ratio of 0.23 and a beta of 0.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $367.60.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same period last year, the company posted $3.96 EPS. Marathon Petroleum’s revenue was up 53.5% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

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.