Duality Advisers LP Purchases 2,566 Shares of Marathon Petroleum Co. (NYSE:MPC)

Duality Advisers LP raised its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 9.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,458 shares of the oil and gas company’s stock after purchasing an additional 2,566 shares during the quarter. Duality Advisers LP’s holdings in Marathon Petroleum were worth $4,370,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MPC. Marino Stram & Associates LLC raised its holdings in Marathon Petroleum by 0.5% in the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after acquiring an additional 60 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of Marathon Petroleum by 0.3% during the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock valued at $3,028,000 after purchasing an additional 67 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of Marathon Petroleum by 4.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock valued at $231,000 after buying an additional 67 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Marathon Petroleum by 7.2% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,060 shares of the oil and gas company’s stock worth $160,000 after buying an additional 71 shares in the last quarter. Finally, Empower Advisory Group LLC raised its position in Marathon Petroleum by 1.6% in the 3rd quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock worth $676,000 after buying an additional 72 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MPC has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Mizuho upped their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, April 12th. The Goldman Sachs Group raised their target price on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, Piper Sandler boosted 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. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $193.77.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction 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 hyperlink. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Trading Up 0.7 %

Shares of MPC stock traded up $1.36 during trading hours on Friday, reaching $196.38. 1,748,806 shares of the stock were exchanged, compared to its average volume of 2,522,232. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average price is $189.49 and its 200-day moving average price is $165.20. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $221.11. The firm has a market capitalization of $70.76 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The firm had revenue of $36.26 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.65 earnings per share. As a group, equities analysts anticipate that Marathon Petroleum Co. will post 19.42 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.825 per share. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 14.02%.

About Marathon Petroleum

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.