Trilogy Capital Inc. Invests $249,000 in Marathon Petroleum Corporation (NYSE:MPC)

Key Points

• Trilogy Capital Inc. newly acquired approximately $249,000 worth of Marathon Petroleum Corporation (NYSE:MPC) stock, purchasing 1,709 shares in the first quarter.
• The company reported a quarterly earnings per share of ($0.24), exceeding the expected ($0.40), with revenue of $31.85 billion surpassing analysts' forecasts.
• Marathon Petroleum recently announced a quarterly dividend of $0.91 per share, which equates to an annualized yield of 2.12%.

Trilogy Capital Inc. bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,709 shares of the oil and gas company's stock, valued at approximately $249,000.

Other hedge funds have also recently bought and sold shares of the company. Cambridge Financial Group Inc. acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $5,624,000. Good Steward Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum in the first quarter valued at about $346,000. New Age Alpha Advisors LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $1,192,000. Silver Oak Securities Incorporated acquired a new stake in shares of Marathon Petroleum in the first quarter valued at about $339,000. Finally, Financial Partners Group LLC grew its position in shares of Marathon Petroleum by 65.8% in the first quarter. Financial Partners Group LLC now owns 3,937 shares of the oil and gas company's stock valued at $574,000 after purchasing an additional 1,563 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares of the company's stock, valued at $3,315,200. This represents a 28.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group increased their target price on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Raymond James Financial reiterated an "outperform" rating and issued a $200.00 target price (up previously from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th. TD Cowen increased their target price on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Mizuho lifted their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $183.93.

Marathon Petroleum Stock Down 2.2%

NYSE MPC traded down $3.95 on Wednesday, reaching $171.48. The company had a trading volume of 319,022 shares, compared to its average volume of 2,715,161. The firm has a market capitalization of $52.68 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.98 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31. The company's fifty day moving average is $168.18 and its 200-day moving average is $152.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same period in the prior year, the business posted $2.58 EPS. The company's quarterly revenue was down 4.1% on a year-over-year basis. On average, research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

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.