Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. boosted its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 285,260 shares of the oil and gas company's stock after buying an additional 29,800 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Marathon Petroleum worth $39,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Virtu Financial LLC increased its stake in Marathon Petroleum by 13.3% in the third quarter. Virtu Financial LLC now owns 4,373 shares of the oil and gas company's stock valued at $712,000 after purchasing an additional 515 shares during the last quarter. Tudor Financial Inc. acquired a new position in Marathon Petroleum during the 3rd quarter worth approximately $823,000. Stock Yards Bank & Trust Co. lifted its holdings in Marathon Petroleum by 1.0% in the third quarter. Stock Yards Bank & Trust Co. now owns 12,038 shares of the oil and gas company's stock valued at $1,961,000 after acquiring an additional 116 shares during the period. World Investment Advisors LLC boosted its holdings in Marathon Petroleum by 4,227.5% during the third quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company's stock worth $11,364,000 after buying an additional 68,147 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in Marathon Petroleum by 747.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock valued at $3,466,000 after acquiring an additional 18,764 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays decreased their target price on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Scotiabank cut their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company lowered their price objective on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Raymond James cut their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.21.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded down $4.68 during midday trading on Wednesday, reaching $133.63. 584,438 shares of the company traded hands, compared to its average volume of 2,704,400. The firm has a market capitalization of $41.63 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $196.98. The firm's fifty day moving average price is $137.89 and its two-hundred day moving average price is $145.88. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

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