Quantinno Capital Management LP Acquires 15,893 Shares of Marathon Petroleum Co. (NYSE:MPC)

Quantinno Capital Management LP increased its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 68.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,975 shares of the oil and gas company's stock after acquiring an additional 15,893 shares during the quarter. Quantinno Capital Management LP's holdings in Marathon Petroleum were worth $5,437,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the fourth quarter valued at approximately $27,000. Asset Planning Inc purchased a new stake in Marathon Petroleum in the fourth quarter worth about $28,000. Sierra Ocean LLC bought a new position in shares of Marathon Petroleum in the fourth quarter worth about $31,000. Cape Investment Advisory Inc. boosted its position in shares of Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Marathon Petroleum in the 4th quarter worth about $44,000. 76.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MPC shares. 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 report on Tuesday, May 13th. Scotiabank reduced their price objective 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. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Barclays lifted their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.29.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded down $0.81 during trading on Tuesday, reaching $161.46. 1,431,691 shares of the company traded hands, compared to its average volume of 2,708,944. The company's 50 day moving average is $140.75 and its two-hundred day moving average is $145.81. The firm has a market capitalization of $49.60 billion, a PE ratio of 16.26, a PEG ratio of 3.11 and a beta of 0.87. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. 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 released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $28.91 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. The business's revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.25%. Marathon Petroleum's payout ratio is 51.20%.

Insider Buying and Selling

In other news, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum 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 completion of the transaction, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. The trade was a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling purchased 2,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. The trade was a 19.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

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.