Captrust Financial Advisors Buys 2,076 Shares of Marathon Petroleum Co. (NYSE:MPC)

Captrust Financial Advisors boosted its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,198 shares of the oil and gas company's stock after purchasing an additional 2,076 shares during the quarter. Captrust Financial Advisors' holdings in Marathon Petroleum were worth $12,722,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MPC. Cary Street Partners Financial LLC bought a new position in Marathon Petroleum in the fourth quarter worth $1,077,000. Caxton Associates LP bought a new position in shares of Marathon Petroleum during the 4th quarter worth about $9,840,000. Beverly Hills Private Wealth LLC increased its stake in Marathon Petroleum by 1.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock valued at $928,000 after acquiring an additional 76 shares during the period. Benjamin Edwards Inc. raised its position in Marathon Petroleum by 1.9% in the fourth quarter. Benjamin Edwards Inc. now owns 5,021 shares of the oil and gas company's stock worth $700,000 after purchasing an additional 94 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in Marathon Petroleum by 69.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 10,555 shares of the oil and gas company's stock valued at $1,472,000 after purchasing an additional 4,340 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Up 0.6 %

Shares of MPC traded up $0.93 on Friday, reaching $150.90. 1,567,499 shares of the company's stock were exchanged, compared to its average volume of 2,715,780. The business has a 50 day moving average price of $137.10 and a two-hundred day moving average price of $145.10. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $183.31. The stock has a market capitalization of $46.36 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period last year, the company earned $2.58 EPS. The firm's revenue was down 4.1% on a year-over-year basis. Research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's payout ratio is presently 51.20%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MPC. Piper Sandler dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wells Fargo & Company dropped their target price on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Scotiabank dropped their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley decreased their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $172.93.

Insiders Place Their Bets

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

About Marathon Petroleum

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.