Cwm LLC Boosts Stock Holdings in Marathon Petroleum Corporation $MPC

Cwm LLC lifted its position in Marathon Petroleum Corporation (NYSE:MPC) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,116 shares of the oil and gas company’s stock after acquiring an additional 3,882 shares during the quarter. Cwm LLC’s holdings in Marathon Petroleum were worth $3,922,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new stake in shares of Marathon Petroleum during the third quarter valued at approximately $2,891,000. Diversified Trust Co. boosted its position in Marathon Petroleum by 39.3% in the fourth quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock worth $2,549,000 after purchasing an additional 4,419 shares during the last quarter. First Interstate Bank purchased a new position in Marathon Petroleum in the third quarter worth $5,050,000. Generali Asset Management SPA SGR grew its stake in Marathon Petroleum by 36.8% in the 3rd quarter. Generali Asset Management SPA SGR now owns 41,225 shares of the oil and gas company’s stock valued at $7,946,000 after purchasing an additional 11,082 shares during the period. Finally, KKM Financial LLC increased its position in shares of Marathon Petroleum by 27.6% during the 3rd quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock valued at $5,050,000 after purchasing an additional 5,661 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Up 0.8%

MPC stock opened at $222.09 on Thursday. The stock has a fifty day moving average of $222.11 and a 200-day moving average of $197.58. Marathon Petroleum Corporation has a fifty-two week low of $132.00 and a fifty-two week high of $255.77. The company has a market capitalization of $65.40 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 0.37 and a beta of 0.58. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $32.57 billion for the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. As a group, equities research analysts predict that Marathon Petroleum Corporation will post 23.42 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.8%. Marathon Petroleum’s payout ratio is 29.96%.

Analyst Ratings Changes

MPC has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on Marathon Petroleum from $239.00 to $264.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. BMO Capital Markets increased their price target on shares of Marathon Petroleum from $230.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Weiss Ratings lowered shares of Marathon Petroleum from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Scotiabank boosted their target price on shares of Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Finally, UBS Group increased their target price on shares of Marathon Petroleum from $221.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $239.75.

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,626 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the transaction, the insider directly owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 4,473 shares of company stock worth $1,015,428. Corporate insiders own 0.17% of the company’s stock.

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.