3,152 Marathon Petroleum Corporation $MPC Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,579 shares of the oil and gas company’s stock after purchasing an additional 3,152 shares during the period. Illinois Municipal Retirement Fund’s holdings in Marathon Petroleum were worth $26,722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MPC. Vontobel Holding Ltd. increased its stake in Marathon Petroleum by 23.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 14,025 shares of the oil and gas company’s stock valued at $5,546,000 after purchasing an additional 2,637 shares in the last quarter. Energy Income Partners LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at approximately $4,912,000. Evolve Private Wealth LLC bought a new position in Marathon Petroleum in the 2nd quarter valued at $673,000. Railway Pension Investments Ltd purchased a new stake in Marathon Petroleum during the second quarter worth about $3,886,000. Finally, Sax Wealth Advisors LLC boosted its stake in Marathon Petroleum by 471.0% in the third quarter. Sax Wealth Advisors LLC now owns 18,705 shares of the oil and gas company’s stock valued at $7,396,000 after acquiring an additional 15,429 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.0%

NYSE:MPC opened at $389.90 on Wednesday. The company has a market cap of $106.16 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.10 and a beta of 0.53. The stock’s fifty day moving average price is $422.42 and its two-hundred day moving average price is $297.48. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $493.98. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.45 and a quick ratio of 1.09.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 EPS for the quarter, topping analysts’ consensus estimates of $25.37 by $1.56. Marathon Petroleum had a return on equity of 55.82% and a net margin of 8.27%. The firm had revenue of $56.03 billion during the quarter, compared to analyst estimates of $46.60 billion. During the same period last year, the company earned $3.01 earnings per share. The business’s revenue for the quarter was up 57.6% on a year-over-year basis. As a group, analysts expect that Marathon Petroleum Corporation will post 66.31 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $4.00 annualized dividend and a yield of 1.0%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MPC shares. Barclays increased their price objective on Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a report on Monday, October 12th. TD Cowen upped their price target on Marathon Petroleum from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Morgan Stanley increased their price target on Marathon Petroleum from $453.00 to $458.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. UBS Group set a $510.00 price objective on Marathon Petroleum in a report on Friday, October 9th. Finally, Wells Fargo & Company lifted their price objective on Marathon Petroleum from $560.00 to $564.00 and gave the stock an “overweight” rating in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $425.12.

Insider Buying and Selling at Marathon Petroleum

In related news, SVP Shawn Lyon sold 2,500 shares of the business’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 transaction of $875,000.00. Following the completion of the transaction, the senior vice president owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. The trade was a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Molly Benson sold 17,196 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,691 shares of company stock valued at $7,780,127 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks. The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.