Total Wealth Planning & Management Inc. Invests $442,000 in Marathon Petroleum Co. (NYSE:MPC)

Total Wealth Planning & Management Inc. bought a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,167 shares of the oil and gas company's stock, valued at approximately $442,000.

A number of other institutional investors and hedge funds have also modified their holdings of MPC. SWS Partners boosted its position in shares of Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock valued at $2,452,000 after buying an additional 2,806 shares during the last quarter. Greatmark Investment Partners Inc. boosted its holdings in shares of Marathon Petroleum by 3.5% during the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock valued at $22,483,000 after acquiring an additional 5,476 shares during the last quarter. TCTC Holdings LLC boosted its holdings in shares of Marathon Petroleum by 3.3% during the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock valued at $12,730,000 after acquiring an additional 2,892 shares during the last quarter. Cambridge Financial Group Inc. purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $5,624,000. Finally, Nilsine Partners LLC lifted its position in Marathon Petroleum by 5.6% during the fourth quarter. Nilsine Partners LLC now owns 32,683 shares of the oil and gas company's stock valued at $4,559,000 after purchasing an additional 1,746 shares during the period. Institutional investors own 76.77% of the company's stock.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price 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 transaction 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 the company's stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Marathon Petroleum Price Performance

MPC traded down $3.89 during trading on Wednesday, reaching $158.44. 1,513,602 shares of the company traded hands, compared to its average volume of 2,705,925. The company has a market cap of $48.67 billion, a P/E ratio of 15.96, a PEG ratio of 3.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31. The firm has a fifty day simple moving average of $142.15 and a 200 day simple moving average of $146.17.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $28.91 billion. During the same period in the prior year, the company earned $2.58 earnings per share. The firm's revenue was down 4.1% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MPC shares. Raymond James lowered their price target 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. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Barclays boosted their price target on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Wells Fargo & Company boosted their price target on Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.