Field & Main Bank Invests $591,000 in Marathon Petroleum Corporation $MPC

Field & Main Bank purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,310 shares of the oil and gas company’s stock, valued at approximately $591,000.

Several other large investors have also recently bought and sold shares of MPC. BlackRock Inc. acquired a new stake in Marathon Petroleum during the 2nd quarter worth about $6,648,958,000. Bank of New York Mellon Corp acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $1,029,611,000. Norges Bank purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth approximately $472,312,000. Bank of America Corp DE acquired a new stake in shares of Marathon Petroleum during the second quarter worth approximately $621,832,000. Finally, Capital Wealth Planning LLC boosted its holdings in shares of Marathon Petroleum by 49,392.0% during the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock worth $245,157,000 after purchasing an additional 1,495,097 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, 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 transaction, the insider directly owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Shawn M. Lyon sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president directly owned 12,619 shares of the company’s stock, valued at $4,416,650. This represents a 16.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,032 shares of company stock worth $8,744,213 over the last three months. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Price Performance

NYSE MPC opened at $369.00 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $107.73 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.24 and a beta of 0.52. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $369.12. The company has a 50 day moving average price of $308.87 and a two-hundred day moving average price of $260.20.

Marathon Petroleum (NYSE:MPC) last announced its quarterly 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. The company had revenue of $51.99 billion for 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%. Marathon Petroleum’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.96 EPS. As a group, equities analysts predict that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on MPC. Raymond James Financial upped their price objective on shares of Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Citigroup boosted their price target on shares of Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Jefferies Financial Group set a $335.00 price target on shares of Marathon Petroleum and gave the stock a “buy” rating in a research note on Sunday, July 12th. UBS Group reissued a “buy” rating and set a $321.00 price objective on shares of Marathon Petroleum in a research report on Friday, July 10th. Finally, Evercore set a $330.00 target price 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average target price of $312.50.

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.