Alta Advisers Ltd Makes New $227,000 Investment in Marathon Petroleum Corporation (NYSE:MPC)

Alta Advisers Ltd bought a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,557 shares of the oil and gas company's stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after buying an additional 1,178 shares during the last quarter. GHE LLC increased its stake in shares of Marathon Petroleum by 1.8% during the fourth quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock worth $5,381,000 after acquiring an additional 665 shares during the period. Fisher Asset Management LLC raised its holdings in Marathon Petroleum by 11.8% during the fourth quarter. Fisher Asset Management LLC now owns 17,742 shares of the oil and gas company's stock worth $2,475,000 after purchasing an additional 1,877 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Marathon Petroleum by 18.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the oil and gas company's stock valued at $882,000 after purchasing an additional 1,029 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MPC shares. Piper Sandler reduced their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. TD Cowen raised their price target on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Barclays lifted their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Scotiabank reduced 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. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Marathon Petroleum in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $176.13.

Marathon Petroleum Trading Up 0.7%

Shares of Marathon Petroleum stock traded up $1.27 during trading hours on Thursday, hitting $175.73. The company's stock had a trading volume of 472,550 shares, compared to its average volume of 2,700,879. The business has a fifty day moving average of $158.26 and a 200 day moving average of $147.85. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a market capitalization of $53.98 billion, a PE ratio of 24.76, a P/E/G ratio of 3.34 and a beta of 0.88.

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) earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the company earned $2.58 earnings per share. Marathon Petroleum's revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

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.