Lionshead Wealth Management LLC Makes New Investment in Marathon Petroleum Co. (NYSE:MPC)

Lionshead Wealth Management LLC purchased a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,890 shares of the oil and gas company's stock, valued at approximately $403,000.

Several other institutional investors and hedge funds have also made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth about $27,000. Asset Planning Inc purchased a new position in Marathon Petroleum during the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new stake in Marathon Petroleum during the 4th quarter valued at approximately $31,000. Cape Investment Advisory Inc. increased its stake in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 267 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Marathon Petroleum during the fourth quarter worth $44,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

MPC stock traded up $1.95 during mid-day trading on Thursday, reaching $165.47. The company's stock had a trading volume of 2,300,033 shares, compared to its average volume of 2,716,783. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company's 50 day moving average is $138.59 and its two-hundred day moving average is $145.34. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The stock has a market cap of $50.83 billion, a PE ratio of 16.66, a P/E/G ratio of 3.11 and a beta of 0.87.

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) EPS for the quarter, topping 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 firm had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter last year, the business posted $2.58 earnings per share. The firm's revenue was down 4.1% compared to the same quarter last year. Equities research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.20%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's payout ratio is currently 51.20%.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Evan Bayh bought 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was bought 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 $9,266,078.50. This represents a 1.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at approximately $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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Piper Sandler lowered their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Raymond James lowered their price target 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. Barclays upped their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday. Scotiabank dropped their target price 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. Finally, Wells Fargo & Company increased their price target on Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday. One investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.