Retirement Planning Group LLC NY purchased a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,041 shares of the oil and gas company's stock, valued at approximately $285,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after acquiring an additional 4,367,774 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 valued at $670,151,000 after purchasing an additional 315,786 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Marathon Petroleum by 11.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,399,977 shares of the oil and gas company's stock valued at $613,624,000 after purchasing an additional 452,043 shares in the last quarter. Demars Financial Group LLC increased its holdings in Marathon Petroleum by 16,338.3% during the 4th 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 last quarter. Finally, Northern Trust Corp raised its position in shares of Marathon Petroleum by 14.0% in the 4th quarter. Northern Trust Corp now owns 3,937,348 shares of the oil and gas company's stock valued at $549,260,000 after purchasing an additional 484,438 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.
Insider Activity at Marathon Petroleum
In other news, Director Evan Bayh bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents 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.
Marathon Petroleum Stock Performance
NYSE:MPC traded down $3.89 during mid-day trading on Wednesday, hitting $158.44. The stock had a trading volume of 1,513,600 shares, compared to its average volume of 2,704,630. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. 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 stock has a market capitalization of $48.67 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 3.11 and a beta of 0.87. The company has a 50 day simple moving average of $141.98 and a 200-day simple moving average of $146.08.
Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (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 the consensus estimate of $28.91 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The business's revenue was down 4.1% on a year-over-year basis. On average, research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.
Marathon Petroleum Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on MPC shares. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays boosted their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Scotiabank reduced their price target on shares of 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. Morgan Stanley lowered their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Raymond James reduced their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus price target of $175.29.
Read Our Latest Stock Analysis on Marathon Petroleum
Marathon Petroleum Company Profile
(
Free Report)
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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