Marathon Petroleum Corporation $MPC Shares Purchased by Sienna Gestion

Sienna Gestion grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,113 shares of the oil and gas company’s stock after buying an additional 5,479 shares during the quarter. Sienna Gestion’s holdings in Marathon Petroleum were worth $8,358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management boosted its holdings in shares of Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after buying an additional 119 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after buying an additional 201 shares during the period. Hughes Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the first quarter worth approximately $32,000. WPG Advisers LLC acquired a new stake in shares of Marathon Petroleum during the first quarter worth approximately $32,000. Finally, NewSquare Capital LLC boosted its holdings in shares of Marathon Petroleum by 103.1% during the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the transaction, the insider owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the subject of several research reports. Morgan Stanley raised their price target on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Raymond James Financial set a $200.00 price objective on shares of Marathon Petroleum in a research report on Tuesday. Scotiabank reaffirmed an “outperform” rating on shares of Marathon Petroleum in a research report on Thursday, October 9th. UBS Group raised their price objective on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, Wolfe Research lowered shares of Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Marathon Petroleum Trading Up 1.3%

NYSE:MPC opened at $186.13 on Thursday. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $201.61. The firm has a market cap of $56.59 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 3.85 and a beta of 0.90. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average is $187.31 and its 200-day moving average is $171.26.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.79%. The company had revenue of $34.81 billion for the quarter, compared to analyst estimates of $31.06 billion. Equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, November 19th. Marathon Petroleum’s payout ratio is presently 54.01%.

Marathon Petroleum 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.