3,332 Shares in Marathon Petroleum Corporation $MPC Bought by Hamilton Capital LLC

Hamilton Capital LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the 2nd quarter, HoldingsChannel reports. The fund purchased 3,332 shares of the oil and gas company’s stock, valued at approximately $852,000.

Several other institutional investors and hedge funds also recently modified their holdings of MPC. Solstein Capital LLC purchased a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $26,000. Caitlin John LLC acquired a new position in shares of Marathon Petroleum during the second quarter worth $26,000. Bell Investment Advisors Inc purchased a new position in shares of Marathon Petroleum in the second quarter valued at $27,000. Navalign LLC acquired a new stake in Marathon Petroleum during the 4th quarter valued at $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Activity at Marathon Petroleum

In related news, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the sale, the senior vice president owned 12,619 shares in the company, valued at $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the transaction, the insider directly owned 30,334 shares in the company, valued at $10,876,862.38. This represents a 36.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,032 shares of company stock valued at $8,744,213 in the last quarter. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research lowered shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Citigroup lifted their target price on Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Bank of America boosted their price target on Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Weiss Ratings raised Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Finally, Evercore set a $330.00 price objective on Marathon Petroleum in a research note on Wednesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $312.50.

Marathon Petroleum Stock Performance

Shares of MPC opened at $363.23 on Friday. The stock has a market capitalization of $106.04 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The business’s fifty day moving average price is $306.35 and its 200 day moving average price is $259.44. 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 12-month low of $161.93 and a 12-month high of $367.60.

Marathon Petroleum (NYSE:MPC) last released its 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 firm had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.96 earnings per share. Equities research analysts forecast that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Dividend Announcement

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 given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is currently 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.