Retirement Planning Group LLC NY Takes Position in Marathon Petroleum Co. (NYSE:MPC)

Retirement Planning Group LLC NY purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,041 shares of the oil and gas company's stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPC. Wellington Management Group LLP increased its stake in shares of Marathon Petroleum by 78.1% in the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock worth $1,389,630,000 after purchasing an additional 4,367,774 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Marathon Petroleum by 7.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company's stock worth $670,151,000 after purchasing an additional 315,786 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Marathon Petroleum by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,399,977 shares of the oil and gas company's stock worth $613,624,000 after purchasing an additional 452,043 shares during the period. Demars Financial Group LLC increased its stake in shares of Marathon Petroleum by 16,338.3% in the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock worth $582,710,000 after purchasing an additional 4,151,722 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Marathon Petroleum by 14.0% in the fourth quarter. Northern Trust Corp now owns 3,937,348 shares of the oil and gas company's stock worth $549,260,000 after purchasing an additional 484,438 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Buying and Selling

In related news, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The shares were bought at an average price 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. The trade was a 19.68% increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Price Performance

Shares of MPC traded up $3.15 on Tuesday, hitting $162.26. The company's stock had a trading volume of 2,479,976 shares, compared to its average volume of 2,709,393. The company has a market capitalization of $49.85 billion, a PE ratio of 16.34, a PEG ratio of 3.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. 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 50 day moving average price of $141.77 and a 200 day moving average price of $145.97.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced 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. The business had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum's revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 EPS. On average, research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business 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. This represents a $3.64 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MPC shares. Piper Sandler dropped their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Raymond James decreased their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Barclays lifted their target price 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, Scotiabank decreased their target price on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average price target of $175.29.

Marathon Petroleum Company 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.