Enlightenment Research LLC Has $575,000 Position in Marathon Petroleum Corp (MPC)

Enlightenment Research LLC boosted its holdings in Marathon Petroleum Corp (NYSE:MPC) by 317.4% in the first quarter, HoldingsChannel reports. The firm owned 9,600 shares of the oil and gas company’s stock after purchasing an additional 7,300 shares during the quarter. Marathon Petroleum comprises about 1.1% of Enlightenment Research LLC’s holdings, making the stock its 27th biggest position. Enlightenment Research LLC’s holdings in Marathon Petroleum were worth $575,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Reliance Trust Co. of Delaware lifted its holdings in Marathon Petroleum by 2.4% in the 4th quarter. Reliance Trust Co. of Delaware now owns 6,595 shares of the oil and gas company’s stock worth $389,000 after purchasing an additional 157 shares in the last quarter. Alpha Cubed Investments LLC raised its holdings in shares of Marathon Petroleum by 1.7% during the 4th quarter. Alpha Cubed Investments LLC now owns 9,810 shares of the oil and gas company’s stock worth $579,000 after acquiring an additional 162 shares in the last quarter. FTB Advisors Inc. raised its holdings in shares of Marathon Petroleum by 5.5% during the 4th quarter. FTB Advisors Inc. now owns 3,174 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 165 shares in the last quarter. Squar Milner Financial Services LLC raised its holdings in shares of Marathon Petroleum by 7.7% during the 1st quarter. Squar Milner Financial Services LLC now owns 2,353 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 168 shares in the last quarter. Finally, Accurate Investment Solutions Inc. raised its holdings in shares of Marathon Petroleum by 4.1% during the 1st quarter. Accurate Investment Solutions Inc. now owns 4,370 shares of the oil and gas company’s stock worth $262,000 after acquiring an additional 173 shares in the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Gary R. Heminger sold 187,142 shares of the stock in a transaction 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 sale, the chief executive officer now owns 434,166 shares in the company, valued at approximately $28,220,790. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.06% of the company’s stock.

Several analysts have recently issued reports on MPC shares. Macquarie started coverage on Marathon Petroleum in a report on Tuesday, February 5th. They set an “outperform” rating and a $67.18 price objective on the stock. Citigroup decreased their price objective on Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, March 4th. ValuEngine cut Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Raymond James decreased their price objective on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 10th. Finally, Morgan Stanley decreased their price objective on Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $86.83.

NYSE:MPC opened at $53.15 on Friday. Marathon Petroleum Corp has a fifty-two week low of $52.03 and a fifty-two week high of $88.45. The firm has a market cap of $35.67 billion, a P/E ratio of 7.84, a P/E/G ratio of 1.25 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.36.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.10). Marathon Petroleum had a net margin of 2.56% and a return on equity of 12.69%. The company had revenue of $28.62 billion for the quarter, compared to analysts’ expectations of $27.70 billion. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s quarterly revenue was up 50.7% on a year-over-year basis. Sell-side analysts forecast that Marathon Petroleum Corp will post 5.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be issued a dividend of $0.53 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.12 annualized dividend and a yield of 3.99%. Marathon Petroleum’s payout ratio is presently 31.27%.

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Marathon Petroleum 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.

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

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