1,500 Shares in Marathon Petroleum Corporation $MPC Bought by Haverford Trust Co

Haverford Trust Co purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,500 shares of the oil and gas company’s stock, valued at approximately $384,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc acquired a new position in Marathon Petroleum during the second quarter worth $27,000. Navalign LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $31,000. Berbice Capital Management LLC increased its position in shares of Marathon Petroleum by 100.0% during the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, WFA of San Diego LLC bought a new stake in shares of Marathon Petroleum during the second quarter worth about $33,000. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MPC. UBS Group reaffirmed a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a research report on Friday, July 10th. TD Cowen boosted their price objective on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Bank of America increased their price objective on Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Evercore set a $330.00 target price on Marathon Petroleum in a research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.50.

Insider Buying and Selling

In related news, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction on 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 directly owned 12,619 shares in the company, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is owned by insiders.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $362.18 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The firm has a 50-day moving average of $297.25 and a 200-day moving average of $254.78. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $367.60. The company has a market cap of $105.73 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.23 and a beta of 0.52.

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

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 annualized dividend and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

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.