Mutual Advisors LLC Boosts Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Mutual Advisors LLC lifted its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,204 shares of the oil and gas company’s stock after buying an additional 594 shares during the period. Mutual Advisors LLC’s holdings in Marathon Petroleum were worth $624,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MPC. Newbridge Financial Services Group Inc. boosted its stake in shares of Marathon Petroleum by 7.2% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,060 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 71 shares in the last quarter. Empower Advisory Group LLC boosted its position in Marathon Petroleum by 1.6% during the third quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock valued at $676,000 after buying an additional 72 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Marathon Petroleum by 2.6% during the third quarter. Foundations Investment Advisors LLC now owns 3,030 shares of the oil and gas company’s stock valued at $459,000 after buying an additional 76 shares during the last quarter. Visionary Wealth Advisors increased its holdings in shares of Marathon Petroleum by 4.0% in the third quarter. Visionary Wealth Advisors now owns 1,965 shares of the oil and gas company’s stock worth $297,000 after buying an additional 76 shares during the period. Finally, Outlook Wealth Advisors LLC lifted its stake in shares of Marathon Petroleum by 4.2% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 1,996 shares of the oil and gas company’s stock valued at $302,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MPC. Raymond James raised their price target on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. Citigroup began coverage on shares of Marathon Petroleum in a research note on Wednesday, January 24th. They issued a “neutral” rating on the stock. Mizuho increased their price target on shares of Marathon Petroleum from $159.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. The Goldman Sachs Group boosted their price objective on shares of Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Barclays increased their target price on shares of Marathon Petroleum from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.33.

Marathon Petroleum Stock Down 0.2 %

Shares of NYSE:MPC opened at $196.99 on Thursday. The firm has a market capitalization of $70.98 billion, a P/E ratio of 8.37, a P/E/G ratio of 2.27 and a beta of 1.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. The stock has a 50 day moving average price of $173.14 and a 200-day moving average price of $158.27. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $203.01.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $1.77. The company had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. Marathon Petroleum’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the business earned $6.65 EPS. As a group, equities research analysts anticipate that Marathon Petroleum Co. will post 14.68 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s payout ratio is 14.02%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. 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 and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.