Stonebrook Private Inc. Takes $3.79 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Stonebrook Private Inc. bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,528 shares of the oil and gas company's stock, valued at approximately $3,787,000. Marathon Petroleum comprises approximately 1.3% of Stonebrook Private Inc.'s investment portfolio, making the stock its 22nd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its stake in Marathon Petroleum by 1.0% during the third quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company's stock worth $685,088,000 after purchasing an additional 43,989 shares during the last quarter. Raymond James & Associates lifted its stake in Marathon Petroleum by 2.4% during the fourth quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company's stock worth $608,581,000 after purchasing an additional 96,753 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Marathon Petroleum by 1.4% during the third quarter. Principal Financial Group Inc. now owns 2,746,614 shares of the oil and gas company's stock worth $415,673,000 after purchasing an additional 36,987 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Marathon Petroleum by 8.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,341,364 shares of the oil and gas company's stock valued at $347,365,000 after acquiring an additional 178,502 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Marathon Petroleum by 0.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,179,623 shares of the oil and gas company's stock valued at $329,864,000 after acquiring an additional 11,622 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Trading Down 0.6 %

Marathon Petroleum stock traded down $1.12 during trading hours on Friday, reaching $198.39. 1,954,070 shares of the company's stock were exchanged, compared to its average volume of 2,218,313. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. The firm's 50 day simple moving average is $192.39 and its 200 day simple moving average is $167.07. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The firm has a market capitalization of $71.49 billion, a PE ratio of 8.43, a PEG ratio of 1.61 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The firm had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. During the same period last year, the business posted $6.65 EPS. The business's revenue was down 8.9% compared to the same quarter last year. Research analysts predict that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.825 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a yield of 1.66%. Marathon Petroleum's payout ratio is currently 14.02%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Piper Sandler increased their price target on Marathon Petroleum from $159.00 to $204.00 and gave the company a "neutral" rating in a research note on Friday, April 5th. StockNews.com upgraded Marathon Petroleum from a "hold" rating to a "buy" rating in a research note on Saturday, March 9th. TD Cowen increased their price target on Marathon Petroleum from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Mizuho increased their price target on Marathon Petroleum from $201.00 to $202.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. increased their price target on Marathon Petroleum from $172.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $193.77.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 1,000 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.21% of the company's stock.

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.