Thomist Capital Management LP, an institutional investor, has increased its investment position in Marathon Petroleum Co. (NYSE:MPC) by a staggering 91.4% during the fourth quarter, according to the firm’s latest Form 13F filing with the Securities and Exchange Commission (SEC). The investor now owns 202,555 shares of the oil and gas company’s stock, a significant jump from before when they only owned 96,753 shares. As of the most recent SEC filing date of May 12th, Marathon Petroleum represents approximately 11.6% of Thomist Capital Management LP’s substantial portfolio, solidifying the position as its largest holding worth $23,575,000.
On May 2nd this year, Marathon Petroleum reported very impressive earnings results for Q1 that surpassed analysts’ estimates. The company declared an EPS of $6.09 for Q1 compared to expectations of $5.23 per share—a notable beat added up to $0.86 per share. The company also revealed that it has a net margin of 9.28%. Furthermore, for Q1 this year their revenue was at $35.08bn compared to the projected revenue at $35.17bn by financial analysts.
The company’s Director Kim K.W Rucker recently sold some stocks on March 2nd where she sold around six thousand shares for approximately $130 each—totalling a transaction value of roughly $780k—according to filings made public by the SEC accessible through this link.
In another related development during April this year SVP Suzanne Gagle also sold over sixty-thousand shares worth around eight million dollars and following this sale she retains ownership of forty-five-thousand shares valued at over six million dollars currently.
Since the start of May this year and as part of its commitment toward maximizing shareholder returns Marathon Petroleum also launched a generous share repurchase program that permits it to buy back five billion dollars worth of company stock. This could equate to the company potentially buying back up to 10.2% of its outstanding shares through various methods including open market purchases.
Overall, Marathon Petroleum Stock has shown positive movement and numerous indications point toward a promising future for the oil and gas firm especially with major share repurchases taking place and increasing investor confidence.
Marathon Petroleum Company: A Promising Investment Opportunity with Recent Institutional Interest and Upcoming Dividend
Marathon Petroleum Company has been generating a lot of buzz in investment circles lately, with several institutional investors recently modifying their holdings of the company. The Armstrong Advisory Group Inc. bought a new stake in Marathon Petroleum during the fourth quarter valuing it at $25,000. Lansing Street Advisors and Ten Capital Wealth Advisors LLC both also purchased new positions in Marathon Petroleum during the 4th and 3rd quarters respectively, for approximately $32,000 each. Destiny Wealth Partners LLC and McClarren Financial Advisors Inc. were other entities that recently bought new positions in Marathon Petroleum worth approximately $37,000 and $32,000 respectively.
Insider opinion suggests that Marathon Petroleum’s recent stock price drop by $1.01 to reach $110.71 was a temporary blip – this occurrence may be attributed to market fluctuations typical of mid-day trading on Thursday when 991,578 shares of the company traded hands compared to its average volume of 3,965,063.
Despite a brief dip in stock prices, Marathon Petroleum is still sitting pretty with a market cap of almost $46.97 billion dollars meaning that the company can provide handsome returns to investors who stay invested for long periods of time. With high liquidity levels embodied by healthy current ratios of 1.90 and quick ratios standing at 1.30 against low debt-to-equity ratios (at 0 .83), financial indicators suggest there are good times ahead for Marathon Petroleum.
Even more interesting is Marathon’s recent announcement of its upcoming quarterly dividend that will be paid on Monday June 12th; shareholders can expect to receive dividends worth up to $0.75 per share if they hold said shares before Wednesday May 17th deadline date as anyone holding shares beyond this threshold won’t be eligible for dividends until after ex-dividend dates which is set for Tuesday May 16th.
Overall, with an overall beta value of 1:64 and other corresponding values such as price-to-earnings ratio of 3.37 and P/E/G ratio worth 0.87, for lovers of solid investments backed by years of experience, Marathon is undoubtedly the smart choice.
