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

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 148 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $27,000. Asset Planning Inc acquired a new stake in Marathon Petroleum during the 4th quarter valued at $28,000. Sierra Ocean LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at $31,000. Finally, Cape Investment Advisory Inc. increased its holdings in shares of Marathon Petroleum by 762.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 267 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Trading Down 2.2 %

MPC traded down $3.30 during mid-day trading on Friday, hitting $144.05. The stock had a trading volume of 1,689,079 shares, compared to its average volume of 2,647,085. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11. The firm has a market capitalization of $44.88 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The stock's fifty day simple moving average is $148.74 and its 200-day simple moving average is $151.46.

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Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same period in the previous year, the company posted $3.98 earnings per share. The company's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.53%. Marathon Petroleum's payout ratio is 36.66%.

Insiders Place Their Bets

In other news, Director Evan Bayh bought 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Mizuho lowered their price target on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Wells Fargo & Company increased their price objective on Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Raymond James reaffirmed a "strong-buy" rating on shares of Marathon Petroleum in a research report on Thursday. TD Cowen reissued a "buy" rating and issued a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. Finally, Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $180.21.

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.