Marathon Petroleum Co. (NYSE:MPC) Position Boosted by Investment Partners LTD.

Investment Partners LTD. raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,493 shares of the oil and gas company’s stock after acquiring an additional 118 shares during the quarter. Investment Partners LTD.’s holdings in Marathon Petroleum were worth $222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Marathon Petroleum during the 4th quarter valued at about $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $32,000. Pittenger & Anderson Inc. bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $36,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $40,000. Finally, Peoples Bank KS bought a new stake in shares of Marathon Petroleum in the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

MPC stock traded down $1.12 during midday trading on Friday, hitting $198.39. The stock had a trading volume of 1,954,070 shares, compared to its average volume of 2,218,313. The firm has a market capitalization of $71.49 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.62 and a beta of 1.52. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11. The stock has a 50-day simple moving average of $192.39 and a 200 day simple moving average of $166.82. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.

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

Marathon Petroleum Announces Dividend

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

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Scotiabank boosted their price target on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Citigroup started coverage on Marathon Petroleum in a report on Wednesday, January 24th. They set a “neutral” rating on the stock. Piper Sandler increased their price target on Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Raymond James increased their price objective on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 31st. Finally, Barclays increased their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

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.