Laurion Capital Management LP Has $983,000 Stake in Marathon Petroleum Co. (NYSE:MPC)

Laurion Capital Management LP lifted its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 42.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,049 shares of the oil and gas company's stock after purchasing an additional 2,112 shares during the period. Laurion Capital Management LP's holdings in Marathon Petroleum were worth $983,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Lionshead Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $403,000. Invenomic Capital Management LP acquired a new stake in Marathon Petroleum during the 4th quarter worth $9,640,000. KKM Financial LLC lifted its stake in shares of Marathon Petroleum by 5.4% in the 4th quarter. KKM Financial LLC now owns 13,970 shares of the oil and gas company's stock worth $1,949,000 after acquiring an additional 721 shares during the period. Guardian Wealth Advisors LLC NC increased its holdings in Marathon Petroleum by 6.6% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 2,240 shares of the oil and gas company's stock valued at $312,000 after acquiring an additional 138 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Marathon Petroleum by 58.3% during the fourth quarter. Focus Partners Wealth now owns 42,748 shares of the oil and gas company's stock worth $6,026,000 after buying an additional 15,743 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

MPC traded down $1.22 during midday trading on Friday, hitting $164.07. 2,836,057 shares of the company traded hands, compared to its average volume of 2,717,656. The company's 50-day moving average is $139.76 and its 200 day moving average is $145.56. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. 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 firm has a market capitalization of $50.40 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 earnings per share. On average, research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.22%. Marathon Petroleum's payout ratio is 51.20%.

Insider Activity

In other Marathon Petroleum news, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now owns 12,162 shares in the company, valued at approximately $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 available through the SEC website. 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 acquired 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 of the company's stock, valued at $9,266,078.50. This trade represents a 1.46% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MPC shares. Piper Sandler reduced their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Mizuho upped their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday. TD Cowen upped their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Barclays upped their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, May 12th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus price target of $175.29.

Marathon Petroleum Company 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.