1,998 Shares in Marathon Petroleum Co. (NYSE:MPC) Acquired by Michels Family Financial LLC

Michels Family Financial LLC purchased a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,998 shares of the oil and gas company's stock, valued at approximately $279,000.

A number of other institutional investors have also recently added to or reduced their stakes in MPC. Fourth Dimension Wealth LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the 4th quarter valued at about $27,000. Asset Planning Inc purchased a new position in Marathon Petroleum in the 4th quarter valued at about $28,000. Sierra Ocean LLC purchased a new position in Marathon Petroleum in the 4th quarter valued at about $31,000. Finally, Cape Investment Advisory Inc. boosted its position in Marathon Petroleum by 762.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after buying an additional 267 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

MPC traded down $3.89 on Wednesday, hitting $158.44. 1,513,602 shares of the company's stock were exchanged, compared to its average volume of 2,704,630. The firm has a market cap of $48.67 billion, a PE ratio of 15.96, a P/E/G ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31. The stock has a fifty day moving average of $141.98 and a two-hundred day moving average of $146.08. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating 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 company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the business earned $2.58 earnings per share. Marathon Petroleum's revenue was down 4.1% compared to the same quarter last year. On average, research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

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 paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.30%. Marathon Petroleum's payout ratio is currently 51.20%.

Analyst Ratings Changes

MPC has been the subject of a number of analyst reports. Raymond James decreased their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Mizuho upped their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Barclays upped their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Piper Sandler cut their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.29.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost 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 of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction dated 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 acquisition, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company 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.