Fidelity D & D Bancorp Inc. Buys New Position in Marathon Petroleum Co. (NYSE:MPC)

Fidelity D & D Bancorp Inc. bought a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,579 shares of the oil and gas company's stock, valued at approximately $220,000.

A number of other large investors also recently modified their holdings of MPC. Janney Montgomery Scott LLC grew its position in Marathon Petroleum by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 145,849 shares of the oil and gas company's stock worth $20,346,000 after purchasing an additional 676 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Marathon Petroleum by 3.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock worth $303,000 after buying an additional 71 shares during the last quarter. Brighton Jones LLC grew its holdings in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock valued at $696,000 after purchasing an additional 1,178 shares during the last quarter. AlphaMark Advisors LLC lifted its position in Marathon Petroleum by 4.3% during the 4th quarter. AlphaMark Advisors LLC now owns 13,071 shares of the oil and gas company's stock worth $1,823,000 after acquiring an additional 536 shares during the last quarter. Finally, Duncan Williams Asset Management LLC lifted its position in shares of Marathon Petroleum by 4.3% during the 4th quarter. Duncan Williams Asset Management LLC now owns 6,452 shares of the oil and gas company's stock worth $900,000 after purchasing an additional 264 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MPC. Raymond James dropped their price objective 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. Scotiabank reduced their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. TD Cowen upped their target price on Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Mizuho lifted their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and an average target price of $175.29.

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling purchased 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. The trade was a 19.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Evan Bayh bought 1,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46% increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Stock Performance

NYSE:MPC traded up $1.24 during trading on Thursday, reaching $159.85. The company's stock had a trading volume of 1,961,170 shares, 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 price-to-earnings-growth 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 debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a 50 day moving average of $142.15 and a 200-day moving average of $146.17.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping 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 the consensus estimate of $28.91 billion. During the same quarter last year, the company earned $2.58 earnings per share. The company's revenue was down 4.1% on a year-over-year basis. Research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced 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 is currently 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.