Retirement Planning Co of New England Inc. Buys New Position in Marathon Petroleum Co. (NYSE:MPC)

Retirement Planning Co of New England Inc. acquired a new position in shares of Marathon Petroleum Co. (NYSE:MPCGet Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,250 shares of the oil and gas company’s stock, valued at approximately $79,000.

A number of other hedge funds have also bought and sold shares of MPC. Moors & Cabot Inc. increased its holdings in Marathon Petroleum by 131.2% during the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 14,188 shares during the last quarter. Addison Advisors LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth approximately $28,000. Ellis Investment Partners LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth approximately $30,000. Capital Directions Investment Advisors LLC purchased a new stake in Marathon Petroleum during the 3rd quarter worth approximately $31,000. Finally, Roble Belko & Company Inc purchased a new stake in Marathon Petroleum during the 4th quarter worth approximately $32,000. Institutional investors own 76.01% of the company’s stock.

Several equities research analysts have issued reports on MPC shares. TheStreet upgraded Marathon Petroleum from a “c+” rating to a “b” rating in a report on Wednesday, March 2nd. Wells Fargo & Company lifted their target price on Marathon Petroleum from $91.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, April 21st. Cowen lifted their target price on Marathon Petroleum from $83.00 to $90.00 in a research report on Thursday, February 3rd. Citigroup lifted their target price on Marathon Petroleum from $85.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their target price on Marathon Petroleum from $90.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $92.67.

NYSE:MPC opened at $87.26 on Friday. Marathon Petroleum Co. has a 12-month low of $50.19 and a 12-month high of $93.16. The firm has a market capitalization of $48.74 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.60 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.70 and a quick ratio of 1.25. The business has a 50 day simple moving average of $81.92 and a 200 day simple moving average of $72.92.

Marathon Petroleum (NYSE:MPCGet Rating) last announced its earnings results on Wednesday, February 2nd. The oil and gas company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.83. The firm had revenue of $35.61 billion for the quarter, compared to the consensus estimate of $25.79 billion. Marathon Petroleum had a return on equity of 4.74% and a net margin of 8.05%. The firm’s revenue for the quarter was up 95.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.94) EPS. Research analysts anticipate that Marathon Petroleum Co. will post 7.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Wednesday, May 18th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.66%. The ex-dividend date is Tuesday, May 17th. Marathon Petroleum’s payout ratio is currently 15.48%.

In other news, Director Kim K.W. Rucker sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $83.00, for a total value of $415,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Carl Kristopher Hagedorn sold 4,695 shares of the business’s stock in a transaction on Friday, February 4th. The stock was sold at an average price of $77.66, for a total value of $364,613.70. The disclosure for this sale can be found here. Insiders have sold a total of 14,695 shares of company stock worth $1,178,364 in the last ninety days. 0.28% of the stock is owned by company insiders.

Marathon Petroleum Profile (Get Rating)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments: Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast 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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