1,608 Shares in Marathon Petroleum Corporation (NYSE:MPC) Bought by North Star Asset Management Inc.

North Star Asset Management Inc. acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,608 shares of the oil and gas company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Good Steward Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the first quarter worth about $346,000. Silver Oak Securities Incorporated bought a new stake in Marathon Petroleum in the 1st quarter valued at approximately $339,000. Financial Partners Group LLC boosted its position in Marathon Petroleum by 65.8% during the 1st quarter. Financial Partners Group LLC now owns 3,937 shares of the oil and gas company’s stock worth $574,000 after acquiring an additional 1,563 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Marathon Petroleum by 49.6% during the 4th quarter. Groupama Asset Managment now owns 18,738 shares of the oil and gas company’s stock worth $2,541,000 after acquiring an additional 6,214 shares in the last quarter. Finally, Hurley Capital LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $1,034,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on MPC shares. Mizuho raised their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a report on Monday. Wall Street Zen upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Piper Sandler raised their price target on Marathon Petroleum from $175.00 to $182.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Finally, UBS Group upped their price objective on Marathon Petroleum from $175.00 to $203.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $183.93.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Down 2.6%

Marathon Petroleum stock opened at $170.89 on Thursday. The company’s 50-day moving average price is $168.46 and its two-hundred day moving average price is $153.00. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The stock has a market cap of $52.50 billion, a P/E ratio of 24.04, a P/E/G ratio of 3.00 and a beta of 0.88. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.31.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 earnings per share. As a group, analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.13%. Marathon Petroleum’s payout ratio is presently 51.20%.

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.