1,680 Shares in Marathon Petroleum Co. (NYSE:MPC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,680 shares of the oil and gas company’s stock, valued at approximately $234,000.

A number of other hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Marathon Petroleum in the 3rd quarter worth about $1,327,000. Larson Financial Group LLC increased its position in shares of Marathon Petroleum by 13.9% in the third quarter. Larson Financial Group LLC now owns 2,652 shares of the oil and gas company’s stock worth $432,000 after purchasing an additional 324 shares during the last quarter. Centaurus Financial Inc. raised its stake in Marathon Petroleum by 18.8% in the third quarter. Centaurus Financial Inc. now owns 1,388 shares of the oil and gas company’s stock valued at $226,000 after purchasing an additional 220 shares in the last quarter. Fisher Asset Management LLC lifted its position in Marathon Petroleum by 44.3% during the third quarter. Fisher Asset Management LLC now owns 15,865 shares of the oil and gas company’s stock valued at $2,585,000 after purchasing an additional 4,868 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Marathon Petroleum by 59.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,335 shares of the oil and gas company’s stock worth $869,000 after buying an additional 1,997 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MPC shares. 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 report on Friday, March 7th. TD Cowen reaffirmed a “buy” rating and set a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Barclays increased their price objective on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Raymond James boosted their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Finally, Mizuho reduced their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $180.21.

Insider Activity

In related news, insider Ricky D. Hessling bought 2,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Trading Up 0.4 %

NYSE:MPC opened at $149.63 on Thursday. The firm has a market capitalization of $46.62 billion, a P/E ratio of 15.07, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $149.01 and a 200 day moving average of $151.76.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.98 earnings per share. On average, research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.43%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

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.