NorthCrest Asset Manangement LLC Buys 2,172 Shares of Marathon Petroleum Co. (NYSE:MPC)

NorthCrest Asset Manangement LLC boosted its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,202 shares of the oil and gas company's stock after acquiring an additional 2,172 shares during the period. NorthCrest Asset Manangement LLC's holdings in Marathon Petroleum were worth $4,492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MPC. Copia Wealth Management bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $88,000. Siemens Fonds Invest GmbH lifted its holdings in shares of Marathon Petroleum by 49.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 17,455 shares of the oil and gas company's stock valued at $2,435,000 after purchasing an additional 5,783 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $69,000. Total Wealth Planning & Management Inc. bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $442,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $36,872,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

Shares of NYSE MPC traded up $0.70 during mid-day trading on Friday, hitting $160.62. The company had a trading volume of 4,475,129 shares, compared to its average volume of 2,710,886. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $183.31. The stock's 50-day moving average price is $142.62 and its 200-day moving average price is $146.23. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $49.34 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The firm's revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

Insider Buying and Selling

In other news, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares in the company, 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 company's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now 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 ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank dropped their target price on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company increased their price target on 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 decreased their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. TD Cowen raised their target price on Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Piper Sandler decreased their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $175.29.

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.