25,528 Shares in Marathon Petroleum Co. (NYSE:MPC) Acquired by Stonebrook Private Inc.

Stonebrook Private Inc. purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,528 shares of the oil and gas company’s stock, valued at approximately $3,787,000. Marathon Petroleum comprises about 1.3% of Stonebrook Private Inc.’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Marathon Petroleum during the 4th quarter worth about $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $32,000. Pittenger & Anderson Inc. acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $36,000. Tennessee Valley Asset Management Partners bought a new stake in Marathon Petroleum in the 4th quarter valued at $40,000. Finally, Peoples Bank KS acquired a new position in Marathon Petroleum in the 3rd quarter valued at $44,000. 76.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MPC shares. Scotiabank lifted their target price on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Piper Sandler increased their target price on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. The Goldman Sachs Group lifted their price target on shares of Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company increased their price target on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Barclays lifted their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.77.

Marathon Petroleum Price Performance

Shares of MPC stock traded down $1.12 on Friday, reaching $198.39. The company had a trading volume of 1,954,070 shares, compared to its average volume of 2,218,313. The stock has a market capitalization of $71.49 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. The business’s 50-day moving average is $192.39 and its 200 day moving average is $166.94. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11.

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

Marathon Petroleum Dividend Announcement

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

Insider Buying and Selling at Marathon Petroleum

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

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.