Oxbow Advisors LLC Makes New $558,000 Investment in Marathon Petroleum Corporation $MPC

Oxbow Advisors LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,183 shares of the oil and gas company’s stock, valued at approximately $558,000.

Other large investors have also modified their holdings of the company. Wealthfront Advisers LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth $24,957,000. Global Strategic Investment Solutions LLC acquired a new stake in shares of Marathon Petroleum during the second quarter worth $558,000. Foster & Motley Inc. acquired a new stake in shares of Marathon Petroleum during the second quarter worth $5,250,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Marathon Petroleum during the second quarter valued at $36,000. Finally, Main Street Financial Solutions LLC boosted its position in shares of Marathon Petroleum by 9.4% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,021 shares of the oil and gas company’s stock valued at $517,000 after purchasing an additional 173 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Up 2.4%

Shares of NYSE MPC opened at $366.79 on Wednesday. Marathon Petroleum Corporation has a one year low of $161.80 and a one year high of $367.24. The firm has a market capitalization of $107.08 billion, a PE ratio of 12.61, a PEG ratio of 0.23 and a beta of 0.52. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average price of $291.36 and a two-hundred day moving average price of $250.88.

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

Marathon Petroleum Announces Dividend

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

Insider Activity at Marathon Petroleum

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MPC shares. The Goldman Sachs Group lifted their price target on Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Raymond James Financial upped their price objective on shares of Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Bank of America raised their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $344.00 to $359.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.50.

Marathon Petroleum Company 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.