SJS Investment Consulting Inc. Acquires 573 Shares of Marathon Petroleum Corporation $MPC

SJS Investment Consulting Inc. grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 22.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,094 shares of the oil and gas company’s stock after purchasing an additional 573 shares during the period. SJS Investment Consulting Inc.’s holdings in Marathon Petroleum were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baker Tilly Wealth Management LLC raised its holdings in shares of Marathon Petroleum by 2.8% in the second quarter. Baker Tilly Wealth Management LLC now owns 2,226 shares of the oil and gas company’s stock valued at $370,000 after purchasing an additional 60 shares during the last quarter. CHICAGO TRUST Co NA increased its stake in shares of Marathon Petroleum by 3.9% in the second quarter. CHICAGO TRUST Co NA now owns 1,684 shares of the oil and gas company’s stock worth $280,000 after purchasing an additional 63 shares in the last quarter. Sunpointe LLC increased its stake in shares of Marathon Petroleum by 4.1% in the second quarter. Sunpointe LLC now owns 1,750 shares of the oil and gas company’s stock worth $291,000 after purchasing an additional 69 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its position in shares of Marathon Petroleum by 1.3% in the first quarter. Beverly Hills Private Wealth LLC now owns 6,739 shares of the oil and gas company’s stock valued at $982,000 after acquiring an additional 84 shares during the period. Finally, Valmark Advisers Inc. boosted its position in shares of Marathon Petroleum by 2.3% in the first quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company’s stock valued at $554,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 1.0%

Marathon Petroleum stock opened at $187.29 on Tuesday. The firm has a 50 day moving average of $173.45 and a 200 day moving average of $159.06. The firm has a market capitalization of $56.94 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 3.43 and a beta of 0.97. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $188.70. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.74. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The business had revenue of $34.10 billion during the quarter, compared to analyst estimates of $31.70 billion. During the same period last year, the firm posted $4.12 EPS. The company’s revenue was down 11.1% on a year-over-year basis. As a group, research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 20th. Marathon Petroleum’s payout ratio is presently 54.01%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of research reports. Raymond James Financial boosted their price target on shares of Marathon Petroleum from $195.00 to $199.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. Barclays increased their target price on Marathon Petroleum from $159.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Mizuho increased their price target on shares of Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Wells Fargo & Company increased their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, UBS Group increased their price target on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $192.50.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the transaction, the director directly owned 18,944 shares of the company’s stock, valued at $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the sale, the insider owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.