20,628 Shares in Marathon Petroleum Corporation $MPC Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 20,628 shares of the oil and gas company’s stock, valued at approximately $5,274,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MPC. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum during the second quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in Marathon Petroleum during the second quarter worth about $36,000. Main Street Group LTD bought a new position in Marathon Petroleum during the first quarter valued at about $35,000. Cedar Mountain Advisors LLC bought a new position in Marathon Petroleum during the first quarter valued at about $40,000. Finally, Navalign LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at approximately $30,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $350.00, for a total transaction of $875,000.00. Following the sale, the senior vice president owned 12,619 shares of the company’s stock, valued at $4,416,650. This trade represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. 0.17% of the stock is currently owned by company insiders.

Marathon Petroleum Trading Down 0.6%

MPC stock opened at $358.71 on Friday. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $367.60. The firm has a market cap of $104.72 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.23 and a beta of 0.52. The business’s 50 day moving average is $295.27 and its 200-day moving average is $253.47. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.Marathon Petroleum’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.96 EPS. Equities analysts anticipate that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Analysts Set New Price Targets

A number of brokerages have commented on MPC. BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Morgan Stanley boosted their price objective on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Piper Sandler raised their target price on Marathon Petroleum from $343.00 to $344.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. UBS Group reiterated a “buy” rating and set a $321.00 price target on shares of Marathon Petroleum in a research note on Friday, July 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $312.50.

About Marathon Petroleum

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.