ABN Amro Investment Solutions Grows Stock Holdings in Marathon Petroleum Corporation $MPC

ABN Amro Investment Solutions raised its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,111 shares of the oil and gas company’s stock after acquiring an additional 1,726 shares during the quarter. ABN Amro Investment Solutions’ holdings in Marathon Petroleum were worth $4,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Equitable Trust Co. increased its position in shares of Marathon Petroleum by 1.6% during the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock valued at $644,000 after buying an additional 42 shares during the period. Bartlett & CO. Wealth Management LLC lifted its stake in Marathon Petroleum by 0.4% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock worth $2,411,000 after purchasing an additional 42 shares in the last quarter. Hunter Associates Investment Management LLC boosted its holdings in Marathon Petroleum by 1.6% in the 1st quarter. Hunter Associates Investment Management LLC now owns 3,220 shares of the oil and gas company’s stock valued at $786,000 after purchasing an additional 50 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Marathon Petroleum by 2.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,050 shares of the oil and gas company’s stock valued at $333,000 after purchasing an additional 51 shares during the period. Finally, IFG Advisory LLC grew its position in shares of Marathon Petroleum by 1.5% during the 4th quarter. IFG Advisory LLC now owns 3,429 shares of the oil and gas company’s stock valued at $558,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 1.1%

NYSE MPC opened at $316.17 on Thursday. The stock’s 50-day simple moving average is $266.31 and its two-hundred day simple moving average is $231.05. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $326.92. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $92.30 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 0.43 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) 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 was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Research analysts forecast that Marathon Petroleum Corporation will post 35.82 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president directly owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MPC shares. Bank of America increased their price objective on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Jefferies Financial Group set a $335.00 target price on Marathon Petroleum and gave the stock a “buy” rating in a research note on Sunday, July 12th. Barclays raised their price target on Marathon Petroleum from $270.00 to $289.00 and gave the company an “overweight” rating in a report on Monday, July 13th. TD Cowen lifted their price target on Marathon Petroleum from $315.00 to $357.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $291.50.

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.