Csenge Advisory Group Acquires 6,698 Shares of Marathon Petroleum Corporation $MPC

Csenge Advisory Group increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 185.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,308 shares of the oil and gas company’s stock after acquiring an additional 6,698 shares during the period. Csenge Advisory Group’s holdings in Marathon Petroleum were worth $1,676,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Navalign LLC bought a new stake in Marathon Petroleum during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the 4th quarter worth approximately $31,000. KERR FINANCIAL PLANNING Corp bought a new stake in Marathon Petroleum during the 3rd quarter worth approximately $39,000. IAG Wealth Partners LLC bought a new stake in Marathon Petroleum during the 3rd quarter worth approximately $39,000. Finally, WFA of San Diego LLC bought a new stake in Marathon Petroleum during the 2nd quarter worth approximately $33,000. 76.77% of the stock is currently owned by institutional investors.

Key Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum’s Q1 results beat expectations, and the company boosted its stock buyback program, reinforcing the view that management is returning more cash to shareholders. Marathon Petroleum (MPC) Exceeds Estimates in Q1, Boosts Stock Buyback Program
• Positive Sentiment: Several articles highlighted MPC as a top momentum stock and a name showing relative price strength, which can attract momentum investors and support the stock’s recent rise. Why Marathon Petroleum (MPC) is a Top Momentum Stock for the Long-Term
• Positive Sentiment: Recent valuation coverage focused on MPC’s strong multi-period share gains, with the stock up sharply over the past month, quarter, and year-to-date, reinforcing bullish sentiment around the name. A Look At Marathon Petroleum (MPC) Valuation After Strong Multi Period Share Price Gains
• Neutral Sentiment: Marathon Petroleum also appeared in a news item about Aquanta Vision’s pre-seed funding for methane leak detection, where MPC was listed as a participant through its venture/technology arm. This is strategically interesting but not likely a near-term stock driver. Aquanta Vision Secures Pre-Seed Funding to Advance Real-Time Methane Leak Detection

Marathon Petroleum Stock Performance

MPC stock opened at $262.86 on Wednesday. The business’s fifty day moving average is $236.25 and its 200-day moving average is $204.45. 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 cap of $76.74 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 0.34 and a beta of 0.53. Marathon Petroleum Corporation has a twelve month low of $154.65 and a twelve month high of $263.50.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.24) EPS. Equities research analysts forecast that Marathon Petroleum Corporation will post 29.67 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.5%. Marathon Petroleum’s dividend payout ratio is 26.11%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MPC shares. The Goldman Sachs Group increased their price target on Marathon Petroleum from $264.00 to $291.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. BMO Capital Markets increased their price objective on Marathon Petroleum from $255.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Mizuho increased their price objective on Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Morgan Stanley increased their price objective on Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $259.44.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,810 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total value of $406,851.80. Following the transaction, the insider owned 10,188 shares of the company’s stock, valued at $2,290,058.64. This represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 4,473 shares of company stock valued at $1,015,428. Corporate insiders own 0.17% of the company’s stock.

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.