Harvest Fund Management Co. Ltd Purchases 2,590 Shares of Marathon Petroleum Corporation $MPC

Harvest Fund Management Co. Ltd grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 88.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,533 shares of the oil and gas company’s stock after acquiring an additional 2,590 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Marathon Petroleum were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MPC. Creative Financial Designs Inc. ADV increased its position in shares of Marathon Petroleum by 2.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,050 shares of the oil and gas company’s stock valued at $333,000 after purchasing an additional 51 shares during the last quarter. IFG Advisory LLC boosted its holdings in Marathon Petroleum by 1.5% during the 4th quarter. IFG Advisory LLC now owns 3,429 shares of the oil and gas company’s stock valued at $558,000 after acquiring an additional 51 shares during the period. Auxano Advisors LLC boosted its holdings in Marathon Petroleum by 2.1% during the 4th quarter. Auxano Advisors LLC now owns 2,630 shares of the oil and gas company’s stock valued at $428,000 after acquiring an additional 55 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Marathon Petroleum by 0.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 10,287 shares of the oil and gas company’s stock valued at $1,673,000 after acquiring an additional 57 shares during the period. Finally, Legacy Bridge LLC boosted its holdings in Marathon Petroleum by 12.5% during the 4th quarter. Legacy Bridge LLC now owns 523 shares of the oil and gas company’s stock valued at $85,000 after acquiring an additional 58 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $262.26 on Friday. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $272.46. The stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 0.43 and a beta of 0.52. The stock has a fifty day simple moving average of $242.90 and a two-hundred day simple moving average of $210.01. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. During the same period in the prior year, the business earned ($0.24) EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts predict that Marathon Petroleum Corporation will post 30.05 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Jefferies Financial Group boosted their price objective on Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. TD Cowen boosted their price objective on Marathon Petroleum to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings cut Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company boosted their price objective on Marathon Petroleum to $335.00 and gave the company an “overweight” rating in a 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $268.50.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,626 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares in the company, valued at $1,717,054.50. This represents a 17.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 4,473 shares of company stock valued at $1,015,428. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum Profile

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.