DSG Capital Advisors LLC Acquires New Position in Marathon Petroleum Co. (NYSE:MPC)

DSG Capital Advisors LLC purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,461 shares of the oil and gas company's stock, valued at approximately $483,000.

Other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $27,000. Asset Planning Inc purchased a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $31,000. Finally, Cape Investment Advisory Inc. boosted its holdings in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after buying an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MPC. Mizuho raised their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Raymond James lowered their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley lowered their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, TD Cowen lifted their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $175.29.

Insider Buying and Selling

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

Marathon Petroleum Trading Up 0.8%

Shares of MPC traded up $1.24 during trading hours on Thursday, reaching $159.85. 1,961,170 shares of the company traded hands, compared to its average volume of 2,703,272. The firm has a market cap of $49.11 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock's fifty day moving average price is $142.38 and its 200 day moving average price is $146.20.

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

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

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.