AlphaMark Advisors LLC Maintains Position in Marathon Petroleum Corporation (MPC)

AlphaMark Advisors LLC continued to hold its position in Marathon Petroleum Corporation (NYSE:MPC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,020 shares of the oil and gas company’s stock at the end of the first quarter. AlphaMark Advisors LLC’s holdings in Marathon Petroleum Corporation were worth $153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Marathon Petroleum Corporation during the fourth quarter valued at about $280,303,000. Iridian Asset Management LLC CT boosted its position in Marathon Petroleum Corporation by 209.4% in the first quarter. Iridian Asset Management LLC CT now owns 7,707,619 shares of the oil and gas company’s stock valued at $389,543,000 after buying an additional 5,216,764 shares during the last quarter. American Century Companies Inc. boosted its position in Marathon Petroleum Corporation by 8,254.8% in the first quarter. American Century Companies Inc. now owns 2,042,740 shares of the oil and gas company’s stock valued at $103,240,000 after buying an additional 2,018,290 shares during the last quarter. River Road Asset Management LLC boosted its position in Marathon Petroleum Corporation by 8,635.3% in the first quarter. River Road Asset Management LLC now owns 1,746,801 shares of the oil and gas company’s stock valued at $88,283,000 after buying an additional 1,726,804 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Marathon Petroleum Corporation by 1,864.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,044,332 shares of the oil and gas company’s stock valued at $52,590,000 after buying an additional 991,177 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Marathon Petroleum Corporation (NYSE:MPC)

Marathon Petroleum Corporation (NYSE:MPC) opened at 54.71 on Monday. The stock has a market capitalization of $28.38 billion, a PE ratio of 24.12 and a beta of 1.67. The stock’s 50 day moving average is $51.95 and its 200 day moving average is $50.15. Marathon Petroleum Corporation has a 12-month low of $32.02 and a 12-month high of $54.97.

Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Marathon Petroleum Corporation had a net margin of 1.80% and a return on equity of 5.68%. The company had revenue of $16.39 billion during the quarter, compared to the consensus estimate of $19.03 billion. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corporation will post $3.00 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, May 15th. Marathon Petroleum Corporation’s dividend payout ratio is 63.44%.

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Several equities analysts have weighed in on MPC shares. Credit Suisse Group reiterated a “buy” rating and set a $63.00 price objective on shares of Marathon Petroleum Corporation in a research report on Friday, March 3rd. Scotiabank set a $54.00 price objective on shares of Marathon Petroleum Corporation and gave the stock a “hold” rating in a research report on Monday, March 27th. Jefferies Group LLC reiterated a “buy” rating and set a $61.00 price objective on shares of Marathon Petroleum Corporation in a research report on Wednesday, April 19th. Citigroup Inc. reiterated a “buy” rating and set a $67.00 price objective (down from $68.50) on shares of Marathon Petroleum Corporation in a research report on Saturday, April 22nd. Finally, US Capital Advisors reiterated a “buy” rating on shares of Marathon Petroleum Corporation in a research report on Monday, May 22nd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $58.50.

In related news, VP C. Michael Palmer sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $53.25, for a total value of $213,000.00. Following the completion of the transaction, the vice president now owns 61,757 shares of the company’s stock, valued at $3,288,560.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.05% of the stock is owned by corporate insiders.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

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