NorthRock Partners LLC Acquires 4,332 Shares of Marathon Petroleum Co. (NYSE:MPC)

NorthRock Partners LLC lifted its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 182.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,710 shares of the oil and gas company's stock after purchasing an additional 4,332 shares during the quarter. NorthRock Partners LLC's holdings in Marathon Petroleum were worth $936,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter worth $27,000. Asset Planning Inc bought a new stake in Marathon Petroleum during the fourth quarter worth $28,000. Sierra Ocean LLC bought a new stake in Marathon Petroleum during the fourth quarter worth $31,000. Cape Investment Advisory Inc. raised its position in Marathon Petroleum by 762.9% during 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 in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Marathon Petroleum during the fourth quarter worth $44,000. Institutional investors own 76.77% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. 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, May 13th. Morgan Stanley dropped their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Piper Sandler dropped their price target 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. Finally, Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. 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, Marathon Petroleum has an average rating of "Moderate Buy" and an average target price of $175.29.

Insiders Place Their Bets

In related news, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum 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 $9,266,078.50. This 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.

Marathon Petroleum Price Performance

Marathon Petroleum stock traded down $1.22 during trading hours on Friday, reaching $164.07. 2,836,057 shares of the stock were exchanged, compared to its average volume of 2,715,949. The company has a market cap of $50.40 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31. The stock has a 50 day moving average of $139.76 and a two-hundred day moving average of $145.57.

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 analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 earnings per share. Equities analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. 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%.

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.