Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC lifted its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 364.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,035 shares of the oil and gas company's stock after acquiring an additional 15,723 shares during the period. Waverly Advisors LLC's holdings in Marathon Petroleum were worth $2,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPC. SWS Partners raised its stake in shares of Marathon Petroleum by 19.0% in the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock worth $2,452,000 after purchasing an additional 2,806 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in 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 worth $22,483,000 after buying an additional 5,476 shares during the last quarter. TCTC Holdings LLC lifted its stake in 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 period. Cambridge Financial Group Inc. purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at $5,624,000. Finally, Nilsine Partners LLC increased its stake in shares of Marathon Petroleum by 5.6% in the fourth quarter. Nilsine Partners LLC now owns 32,683 shares of the oil and gas company's stock worth $4,559,000 after acquiring an additional 1,746 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MPC shares. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Raymond James reduced their price objective on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Mizuho raised their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Barclays lifted their price target on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Finally, Scotiabank lowered their price objective 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.29.

Marathon Petroleum Price Performance

Shares of MPC stock traded up $0.29 on Friday, reaching $159.18. 1,576,721 shares of the company were exchanged, compared to its average volume of 2,710,315. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $183.31. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The business has a 50-day moving average price of $141.58 and a 200 day moving average price of $145.99. The company has a market cap of $48.90 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 3.11 and a beta of 0.87.

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, beating analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.58 earnings per share. Equities research analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.29%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling purchased 2,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value 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 position. The disclosure for this purchase can be found here. Insiders own 0.25% of the company's stock.

About Marathon Petroleum

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.