Northstar Group Inc. Takes Position in Marathon Petroleum Co. (NYSE:MPC)

Northstar Group Inc. bought a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,519 shares of the oil and gas company's stock, valued at approximately $221,000.

A number of other institutional investors also recently modified their holdings of the business. Fourth Dimension Wealth LLC bought a new stake in Marathon Petroleum during the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the fourth quarter worth about $27,000. Sierra Ocean LLC bought a new stake in Marathon Petroleum during the fourth quarter worth about $31,000. Cape Investment Advisory Inc. lifted its position in Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 267 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Marathon Petroleum during the fourth quarter worth about $44,000. Institutional investors own 76.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MPC shares. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Mizuho increased their target price 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. Piper Sandler dropped their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. TD Cowen increased their target price on shares of Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.21.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $165.99 on Monday. The business has a 50 day moving average of $147.49 and a 200-day moving average of $146.32. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $183.31. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a market capitalization of $50.99 billion, a P/E ratio of 16.72, a P/E/G ratio of 3.11 and a beta of 0.89.

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, beating 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 company had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the prior year, the firm posted $2.58 earnings per share. The firm's revenue was down 4.1% compared to the same quarter last year. On average, equities research 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 announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

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.

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