AllSquare Wealth Management LLC acquired a new position in Marathon Petroleum Corp (NYSE:MPC) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 527 shares of the oil and gas company’s stock, valued at approximately $32,000.

Several other hedge funds have also bought and sold shares of MPC. Hanson McClain Inc. bought a new stake in Marathon Petroleum in the 4th quarter valued at about $25,000. Alpha Omega Wealth Management LLC increased its position in Marathon Petroleum by 135.1% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 435 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Certified Advisory Corp increased its position in Marathon Petroleum by 71.2% in the 4th quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 198 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. Finally, Berman Capital Advisors LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. 77.93% of the stock is owned by hedge funds and other institutional investors.

Shares of MPC opened at $52.86 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.20 and a quick ratio of 0.55. The company has a market cap of $33.61 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.24 and a beta of 1.35. Marathon Petroleum Corp has a 52 week low of $50.19 and a 52 week high of $88.45.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). The company had revenue of $28.62 billion for the quarter, compared to the consensus estimate of $27.70 billion. Marathon Petroleum had a return on equity of 11.10% and a net margin of 2.56%. The business’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. Analysts expect that Marathon Petroleum Corp will post 5.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio is currently 31.27%.

MPC has been the subject of a number of research analyst reports. Macquarie initiated coverage on Marathon Petroleum in a research report on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 target price for the company. Citigroup decreased their target price on Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, March 4th. ValuEngine lowered Marathon Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Raymond James decreased their target price on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 10th. Finally, Morgan Stanley decreased their target price on Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $86.27.

In other Marathon Petroleum news, CEO Gary R. Heminger sold 187,142 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $65.00, for a total transaction of $12,164,230.00. Following the completion of the sale, the chief executive officer now directly owns 434,166 shares of the company’s stock, valued at approximately $28,220,790. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

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Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.

See Also: What is insider trading?

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corp (NYSE:MPC).

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

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