3,716 Shares in Marathon Petroleum Corporation (NYSE:MPC) Purchased by A&I Financial Services LLC

A&I Financial Services LLC bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,716 shares of the oil and gas company's stock, valued at approximately $541,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fourth Dimension Wealth LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth $26,000. Hughes Financial Services LLC bought a new stake in Marathon Petroleum during the 1st quarter valued at $32,000. Decker Retirement Planning Inc. boosted its holdings in shares of Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after buying an additional 227 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Marathon Petroleum in the first quarter worth about $35,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insiders Place Their Bets

In related news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the sale, the director owned 18,944 shares of the company's stock, valued at $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Marathon Petroleum Price Performance

Shares of MPC stock traded down $4.56 during trading hours on Monday, hitting $175.30. The stock had a trading volume of 741,618 shares, compared to its average volume of 2,712,136. The stock's 50-day moving average price is $163.74 and its two-hundred day moving average price is $150.10. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $183.31. The stock has a market capitalization of $53.85 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.59 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued 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. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the previous year, the firm posted $2.58 earnings per share. Marathon Petroleum's revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.08%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MPC shares. Evercore ISI assumed coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price target for the company. Morgan Stanley decreased 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 report on Thursday, April 24th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday. Piper Sandler reaffirmed a "neutral" rating and issued a $175.00 target price (up from $157.00) on shares of Marathon Petroleum in a report on Thursday. Finally, Mizuho increased their target price on 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, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $184.38.

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.