Rothschild Investment LLC Acquires 3,599 Shares of Marathon Petroleum Co. (NYSE:MPC)

Rothschild Investment LLC boosted its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 21.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,631 shares of the oil and gas company's stock after purchasing an additional 3,599 shares during the period. Rothschild Investment LLC's holdings in Marathon Petroleum were worth $3,006,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in Marathon Petroleum by 14,969.1% during the first quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company's stock worth $224,503,000 after acquiring an additional 1,530,737 shares during the last quarter. Moody National Bank Trust Division increased its stake in Marathon Petroleum by 2.2% in the first quarter. Moody National Bank Trust Division now owns 14,819 shares of the oil and gas company's stock valued at $2,159,000 after acquiring an additional 322 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Marathon Petroleum by 44.0% during the first quarter. Versant Capital Management Inc now owns 1,064 shares of the oil and gas company's stock worth $155,000 after buying an additional 325 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Marathon Petroleum by 2.1% during the first quarter. First Hawaiian Bank now owns 13,357 shares of the oil and gas company's stock worth $1,946,000 after buying an additional 278 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Marathon Petroleum by 12.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,210 shares of the oil and gas company's stock worth $176,000 after purchasing an additional 134 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Marathon Petroleum Trading Down 1.4%

NYSE MPC traded down $2.19 during trading on Monday, hitting $158.55. 2,960,483 shares of the company's stock traded hands, compared to its average volume of 2,706,965. The stock has a fifty day moving average of $142.62 and a two-hundred day moving average of $146.06. 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 12-month low of $115.10 and a 12-month high of $183.31. The firm has a market cap of $48.71 billion, a P/E ratio of 15.97, a PEG ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $31.85 billion during 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 company's revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 earnings per share. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

Analyst Upgrades and Downgrades

MPC has been the topic of several recent analyst reports. Raymond James dropped their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Scotiabank reduced their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Piper Sandler decreased their price target 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 issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $175.29.

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.