4,310 Shares in Marathon Petroleum Co. (NYSE:MPC) Bought by Heck Capital Advisors LLC

Heck Capital Advisors LLC purchased a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,310 shares of the oil and gas company's stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPC. OLD Second National Bank of Aurora grew its stake in shares of Marathon Petroleum by 7.2% in the fourth quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock worth $139,000 after purchasing an additional 67 shares during the last quarter. Nixon Peabody Trust Co. grew its stake in shares of Marathon Petroleum by 3.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after purchasing an additional 68 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in Marathon Petroleum by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock valued at $596,000 after acquiring an additional 69 shares in the last quarter. DT Investment Partners LLC boosted its position in Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock valued at $55,000 after acquiring an additional 70 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of Marathon Petroleum by 3.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock valued at $303,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James reduced their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price objective on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Morgan Stanley cut their target price 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. Finally, TD Cowen increased their price objective on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. One equities research 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's stock. According to data from MarketBeat, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus target price of $175.29.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded down $3.89 during trading on Wednesday, hitting $158.44. 1,513,602 shares of the stock traded hands, compared to its average volume of 2,705,925. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a market cap of $48.67 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 3.11 and a beta of 0.87. The company has a fifty day moving average price of $142.15 and a two-hundred day moving average price of $146.17. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31.

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, beating the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business's quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 EPS. As a group, equities analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

Insider Activity

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

About Marathon Petroleum

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.