Voleon Capital Management LP Acquires Shares of 10,832 Marathon Petroleum Co. (NYSE:MPC)

Voleon Capital Management LP purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,832 shares of the oil and gas company's stock, valued at approximately $1,511,000.

Other hedge funds also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora lifted its holdings in shares of Marathon Petroleum by 7.2% during the fourth quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock valued at $139,000 after purchasing an additional 67 shares in the last quarter. Nixon Peabody Trust Co. lifted its stake in Marathon Petroleum by 3.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock valued at $288,000 after acquiring an additional 68 shares during the period. Lake Street Advisors Group LLC boosted its holdings in shares of Marathon Petroleum by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock valued at $596,000 after acquiring an additional 69 shares during the last quarter. DT Investment Partners LLC boosted its holdings in Marathon Petroleum by 21.5% in the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 70 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of Marathon Petroleum by 3.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock worth $303,000 after acquiring an additional 71 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were acquired 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 of the company's stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares in the company, valued at $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 insiders.

Marathon Petroleum Trading Up 2.8 %

Shares of MPC stock traded up $3.81 on Friday, reaching $141.53. 1,944,487 shares of the company's stock were exchanged, compared to its average volume of 2,692,726. The company's fifty day simple moving average is $137.08 and its 200 day simple moving average is $145.46. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $184.77. 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 stock has a market capitalization of $44.09 billion, a PE ratio of 14.25, a P/E/G ratio of 3.11 and a beta of 1.04.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.71. The company 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 business earned $3.98 EPS. As a group, analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given 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 2.57%. Marathon Petroleum's payout ratio is 36.66%.

Wall Street Analyst Weigh In

MPC has been the topic of several recent research reports. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Barclays dropped their price target on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Scotiabank reduced their price target 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. Raymond James lowered their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Finally, Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.21.

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.