Family Management Corp Grows Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Family Management Corp grew its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 66.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,950 shares of the oil and gas company's stock after acquiring an additional 7,945 shares during the period. Family Management Corp's holdings in Marathon Petroleum were worth $2,783,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth $27,000. Asset Planning Inc purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth $28,000. Sierra Ocean LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $31,000. Cape Investment Advisory Inc. raised its position in shares of Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insiders Place Their Bets

In other news, insider Ricky D. Hessling bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction 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 transaction, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % 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 Up 0.6 %

Marathon Petroleum stock traded up $0.93 during mid-day trading on Friday, hitting $150.90. The company's stock had a trading volume of 1,567,499 shares, compared to its average volume of 2,715,780. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $183.31. The stock has a market cap of $47.01 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The business has a 50 day moving average price of $137.10 and a 200-day moving average price of $145.10.

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

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Piper Sandler cut their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. TD Cowen increased their price objective on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday. Scotiabank reduced their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley cut their target price 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.93.

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.