Mirador Capital Partners LP Makes New $234,000 Investment in Marathon Petroleum Co. (NYSE:MPC)

Mirador Capital Partners LP bought a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,606 shares of the oil and gas company's stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth approximately $27,000. Asset Planning Inc purchased a new position in Marathon Petroleum during the 4th quarter valued at $28,000. Sierra Ocean LLC bought a new position in Marathon Petroleum in the fourth quarter worth about $31,000. Finally, Cape Investment Advisory Inc. lifted its stake in shares of 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 purchasing an additional 267 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Insider Transactions at Marathon Petroleum

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen upped their price target on Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Barclays increased their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Morgan Stanley cut their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $175.29.

Marathon Petroleum Stock Up 2.0%

Shares of MPC traded up $3.21 during mid-day trading on Tuesday, hitting $161.96. 2,004,654 shares of the company's stock were exchanged, compared to its average volume of 2,704,188. 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 fifty-two week low of $115.10 and a fifty-two week high of $183.31. The company has a market cap of $49.76 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 3.11 and a beta of 0.87. The stock's 50-day moving average is $142.80 and its 200-day moving average is $146.07.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) 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 firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the previous year, the firm posted $2.58 earnings per share. The company's revenue was down 4.1% compared to the same quarter last year. On average, sell-side 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 disclosed 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 dividend on an annualized basis and a yield of 2.25%. 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.