Marathon Petroleum Co. (NYSE:MPC) Holdings Lifted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group increased its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 125.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,045 shares of the oil and gas company's stock after buying an additional 7,251 shares during the period. Rehmann Capital Advisory Group's holdings in Marathon Petroleum were worth $1,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter worth about $27,000. Asset Planning Inc purchased a new position in Marathon Petroleum during the fourth quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $31,000. Cape Investment Advisory Inc. increased its holdings in shares of Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after buying an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Marathon Petroleum in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction that occurred 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 transaction, 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 disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Up 2.8 %

MPC stock traded up $3.81 during midday trading on Friday, hitting $141.53. 1,944,487 shares of the company's stock were exchanged, compared to its average volume of 2,692,726. The stock has a market capitalization of $44.09 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. 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 firm has a 50 day moving average price of $137.08 and a 200-day moving average price of $145.46. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $184.77.

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 (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.71. The firm had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.98 earnings per share. On average, analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.57%. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

Wall Street Analyst Weigh In

MPC has been the subject of several research analyst reports. Scotiabank dropped their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler dropped their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James reduced their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and a consensus target price 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.