Focus Partners Wealth Buys 15,743 Shares of Marathon Petroleum Co. (NYSE:MPC)

Focus Partners Wealth boosted its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 58.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,748 shares of the oil and gas company's stock after buying an additional 15,743 shares during the quarter. Focus Partners Wealth's holdings in Marathon Petroleum were worth $6,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora lifted its holdings in Marathon Petroleum by 7.2% during the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock valued at $139,000 after buying an additional 67 shares in the last quarter. Nixon Peabody Trust Co. lifted its position in shares of Marathon Petroleum by 3.4% in the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after purchasing an additional 68 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of Marathon Petroleum by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after purchasing an additional 69 shares during the period. DT Investment Partners LLC lifted its position in shares of Marathon Petroleum by 21.5% in the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 70 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock worth $303,000 after purchasing an additional 71 shares during the period. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Up 3.0%

Shares of NYSE:MPC opened at $162.86 on Wednesday. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31. The stock has a market cap of $50.03 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 3.11 and a beta of 0.87. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $138.07 and a 200-day moving average price of $145.21.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced 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. The firm 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 company's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $2.58 earnings per share. Equities analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

Insider Buying and Selling

In other Marathon Petroleum news, Director Evan Bayh acquired 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the company's stock in a transaction on 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 acquisition, the insider now owns 12,162 shares of the company's stock, 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. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MPC shares. Scotiabank lowered their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Barclays upped their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday. TD Cowen increased their target price on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Wells Fargo & Company increased their target price on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Raymond James decreased their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average target price of $175.29.

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.

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