Lido Advisors LLC Has $2.73 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Lido Advisors LLC increased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 22.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,581 shares of the oil and gas company's stock after buying an additional 3,536 shares during the quarter. Lido Advisors LLC's holdings in Marathon Petroleum were worth $2,731,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of Marathon Petroleum by 14.0% during the fourth quarter. Northern Trust Corp now owns 3,937,348 shares of the oil and gas company's stock worth $549,260,000 after buying an additional 484,438 shares during the period. Parkshore Wealth Management Inc. purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $428,000. Quarry LP lifted its holdings in shares of Marathon Petroleum by 206.1% during the fourth quarter. Quarry LP now owns 9,397 shares of the oil and gas company's stock worth $1,311,000 after purchasing an additional 6,327 shares during the period. Prosperity Consulting Group LLC grew its position in Marathon Petroleum by 2.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 17,775 shares of the oil and gas company's stock valued at $2,480,000 after buying an additional 400 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at $11,680,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Transactions at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Price Performance

MPC stock traded up $1.74 on Monday, hitting $143.29. 2,479,265 shares of the company's stock traded hands, compared to its average volume of 2,693,405. 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 stock has a market cap of $44.64 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $184.77. The stock has a fifty day moving average of $137.08 and a 200-day moving average of $145.37.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company's revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business posted $3.98 EPS. On average, analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's payout ratio is presently 36.66%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MPC shares. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Piper Sandler reduced their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Morgan Stanley dropped their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays decreased their price target on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Scotiabank reduced their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.21.

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.