2,376 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC acquired a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,376 shares of the oil and gas company's stock, valued at approximately $331,000.

Several other large investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of Marathon Petroleum by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,849 shares of the oil and gas company's stock worth $20,346,000 after purchasing an additional 676 shares in the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of Marathon Petroleum by 0.5% during the 4th quarter. Wesbanco Bank Inc. now owns 21,223 shares of the oil and gas company's stock valued at $2,961,000 after purchasing an additional 101 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of Marathon Petroleum by 70.8% in the fourth quarter. Mutual Advisors LLC now owns 9,777 shares of the oil and gas company's stock worth $1,483,000 after buying an additional 4,054 shares in the last quarter. Avior Wealth Management LLC raised its position in Marathon Petroleum by 3.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock valued at $303,000 after purchasing an additional 71 shares during the period. Finally, Secure Asset Management LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $335,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insider Transactions at Marathon Petroleum

In related news, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. The trade was a 1.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ricky D. Hessling bought 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This trade represents a 19.68% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MPC shares. Scotiabank dropped their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. 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 note on Wednesday, May 7th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Barclays increased their price target on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Piper Sandler dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.29.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded up $3.15 on Tuesday, hitting $162.26. 2,479,976 shares of the company were exchanged, compared to its average volume of 2,709,393. The stock has a market capitalization of $49.85 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $141.77 and a 200 day moving average price of $145.97. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31.

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) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.58 EPS. As a group, sell-side analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 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.