Michels Family Financial LLC Buys Shares of 1,998 Marathon Petroleum Co. (NYSE:MPC)

Michels Family Financial LLC bought a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,998 shares of the oil and gas company's stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at about $27,000. Asset Planning Inc purchased a new stake in Marathon Petroleum during the fourth quarter worth about $28,000. Sierra Ocean LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $31,000. Finally, Cape Investment Advisory Inc. boosted its stake 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 valued at $42,000 after purchasing an additional 267 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MPC shares. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Morgan Stanley cut their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Barclays boosted their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, Mizuho raised their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.29.

Insider Buying and Selling

In related news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost 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 in the company, valued at $9,266,078.50. This trade represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased 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 of the company's stock, valued at approximately $1,638,464.64. This represents 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 owned by company insiders.

Marathon Petroleum Stock Performance

Shares of MPC stock traded up $3.15 during mid-day trading on Tuesday, hitting $162.26. 2,479,976 shares of the stock were exchanged, compared to its average volume of 2,709,393. The stock's fifty day simple moving average is $141.77 and its two-hundred day simple moving average is $145.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31. The stock has a market capitalization of $49.85 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results 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 return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter last year, the business posted $2.58 EPS. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.24%. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

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.