Brooklyn FI LLC Invests $1.01 Million in Marathon Petroleum Co. (NYSE:MPC)

Brooklyn FI LLC acquired a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,880 shares of the oil and gas company's stock, valued at approximately $1,009,000.

Other institutional investors have also recently bought and sold shares of the company. Fidelity D & D Bancorp Inc. bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $220,000. Capital A Wealth Management LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at approximately $52,000. Heck Capital Advisors LLC acquired a new stake in Marathon Petroleum in the fourth quarter worth $601,000. Liberty Square Wealth Partners LLC bought a new position in shares of Marathon Petroleum during the fourth quarter worth $1,050,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $158,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Scotiabank cut their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Barclays boosted their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Morgan Stanley cut their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Mizuho increased their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average price target of $175.29.

Marathon Petroleum Stock Up 0.4%

MPC traded up $0.70 during trading hours on Friday, hitting $160.62. 4,475,129 shares of the company's stock were exchanged, compared to its average volume of 2,808,657. The stock has a market cap of $49.34 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The stock's 50-day moving average is $142.38 and its two-hundred day moving average is $146.20. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

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

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.27%. Marathon Petroleum's payout ratio is 51.20%.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were purchased 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. This trade represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. The trade was 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 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.