Marathon Petroleum Corp (MPC) Stake Increased by West Branch Capital LLC

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West Branch Capital LLC lifted its position in Marathon Petroleum Corp (NYSE:MPC) by 9.2% in the 1st quarter, HoldingsChannel reports. The fund owned 14,789 shares of the oil and gas company’s stock after buying an additional 1,243 shares during the period. West Branch Capital LLC’s holdings in Marathon Petroleum were worth $885,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hanson McClain Inc. acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $25,000. Certified Advisory Corp lifted its position in shares of Marathon Petroleum by 71.2% during the 4th quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 198 shares in the last quarter. SeaBridge Investment Advisors LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $30,000. Claybrook Capital LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $30,000. Finally, Kistler Tiffany Companies LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 79.41% of the company’s stock.

MPC traded up $0.95 during trading hours on Friday, hitting $59.64. The company’s stock had a trading volume of 123,206 shares, compared to its average volume of 6,366,038. Marathon Petroleum Corp has a fifty-two week low of $54.29 and a fifty-two week high of $88.45. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 0.62. The stock has a market cap of $40.60 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.41 and a beta of 1.35.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.43. The business had revenue of $32.54 billion during the quarter, compared to analyst estimates of $34.16 billion. Marathon Petroleum had a return on equity of 14.14% and a net margin of 2.86%. The company’s revenue was up 53.2% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. Equities analysts anticipate that Marathon Petroleum Corp will post 5.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.53 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.12 annualized dividend and a yield of 3.55%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 31.27%.

A number of brokerages have issued reports on MPC. Raymond James cut their target price on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 10th. Macquarie initiated coverage on Marathon Petroleum in a report on Tuesday, February 5th. They set an “outperform” rating and a $67.18 target price for the company. Morgan Stanley decreased their price objective on Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. ValuEngine lowered Marathon Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Marathon Petroleum in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Marathon Petroleum has a consensus rating of “Buy” and a consensus price target of $91.24.

In other news, CEO Gary R. Heminger sold 187,142 shares of Marathon Petroleum stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $65.00, for a total value of $12,164,230.00. Following the transaction, the chief executive officer now directly owns 434,166 shares in the company, valued at $28,220,790. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by company insiders.

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Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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