Aquatic Capital Management LLC Buys New Stake in Marathon Petroleum Co. (NYSE:MPC)

Aquatic Capital Management LLC purchased a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,730 shares of the oil and gas company's stock, valued at approximately $11,680,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. OLD Second National Bank of Aurora raised its position in shares of Marathon Petroleum by 7.2% during the fourth quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock worth $139,000 after purchasing an additional 67 shares during the period. Nixon Peabody Trust Co. raised its position in Marathon Petroleum by 3.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after acquiring an additional 68 shares during the period. Lake Street Advisors Group LLC boosted its stake in Marathon Petroleum by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock valued at $596,000 after acquiring an additional 69 shares during the last quarter. DT Investment Partners LLC boosted its stake in Marathon Petroleum by 21.5% in the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock valued at $55,000 after acquiring an additional 70 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Marathon Petroleum by 3.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock valued at $303,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insider Buying and Selling

In related news, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Trading Down 0.3 %

MPC stock traded down $0.38 during midday trading on Thursday, reaching $137.03. The company's stock had a trading volume of 1,029,773 shares, compared to its average volume of 2,893,333. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The stock has a fifty day simple moving average of $137.56 and a two-hundred day simple moving average of $145.82. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $184.77. The firm has a market capitalization of $42.69 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 3.11 and a beta of 1.04.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same quarter in the prior year, the company earned $3.98 EPS. The business's revenue was down 9.1% compared to the same quarter last year. On average, equities research analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.66%. Marathon Petroleum's dividend payout ratio is presently 36.66%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Scotiabank decreased their target price on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley cut their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Raymond James cut their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays reduced their target price on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $174.21.

Marathon Petroleum 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.