Postrock Partners LLC Buys Shares of 2,565 Marathon Petroleum Co. (NYSE:MPC)

Postrock Partners LLC purchased a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,565 shares of the oil and gas company's stock, valued at approximately $358,000.

A number of other hedge funds also recently bought and sold shares of the company. Intact Investment Management Inc. boosted its stake in Marathon Petroleum by 19.0% in the 4th quarter. Intact Investment Management Inc. now owns 500 shares of the oil and gas company's stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Alpine Woods Capital Investors LLC boosted its stake in Marathon Petroleum by 27.5% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 12,365 shares of the oil and gas company's stock worth $1,725,000 after purchasing an additional 2,669 shares in the last quarter. Atala Financial Inc bought a new position in Marathon Petroleum in the 4th quarter worth about $65,000. LBP AM SA boosted its stake in Marathon Petroleum by 605.5% in the 4th quarter. LBP AM SA now owns 50,981 shares of the oil and gas company's stock worth $7,112,000 after purchasing an additional 43,755 shares in the last quarter. Finally, HBK Sorce Advisory LLC boosted its stake in Marathon Petroleum by 12.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,526 shares of the oil and gas company's stock worth $492,000 after purchasing an additional 384 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Analysts Set New Price Targets

MPC has been the topic of several research analyst reports. Mizuho lowered their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Piper Sandler lowered their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. TD Cowen restated a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Raymond James upped their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and an average price target of $182.13.

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Marathon Petroleum Stock Performance

Marathon Petroleum stock traded down $0.16 during midday trading on Tuesday, hitting $146.00. The stock had a trading volume of 2,797,798 shares, compared to its average volume of 2,475,507. The firm's fifty day moving average is $148.48 and its two-hundred day moving average is $152.76. The company has a market capitalization of $45.48 billion, a PE ratio of 14.70, 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 current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm'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 EPS. On average, research analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is currently 36.66%.

Insider Buying and Selling at Marathon Petroleum

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