AlphaQuest LLC Buys Shares of 7,740 Marathon Petroleum Co. (NYSE:MPC)

AlphaQuest LLC bought a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,740 shares of the oil and gas company's stock, valued at approximately $1,080,000.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its position in Marathon Petroleum by 1.8% during the 3rd quarter. Assetmark Inc. now owns 47,358 shares of the oil and gas company's stock valued at $7,715,000 after purchasing an additional 846 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in Marathon Petroleum by 13.8% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 10,630 shares of the oil and gas company's stock valued at $1,731,000 after purchasing an additional 1,288 shares during the period. Covestor Ltd boosted its position in Marathon Petroleum by 44.8% during the 3rd quarter. Covestor Ltd now owns 294 shares of the oil and gas company's stock valued at $48,000 after purchasing an additional 91 shares during the period. Sigma Planning Corp boosted its position in Marathon Petroleum by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 10,259 shares of the oil and gas company's stock valued at $1,671,000 after purchasing an additional 444 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in Marathon Petroleum by 4.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 68,825 shares of the oil and gas company's stock valued at $11,212,000 after purchasing an additional 3,032 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

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Insider Buying and Selling

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Marathon Petroleum Price Performance

Shares of MPC traded down $1.61 during midday trading on Tuesday, reaching $134.65. The stock had a trading volume of 2,750,598 shares, compared to its average volume of 2,517,257. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. 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 firm's 50 day moving average price is $148.62 and its 200-day moving average price is $153.91. The company has a market capitalization of $42.09 billion, a P/E ratio of 13.56, a P/E/G ratio of 3.11 and a beta of 1.39.

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

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Analyst Ratings Changes

A number of research firms recently issued reports on MPC. Mizuho reduced their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Piper Sandler cut their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Barclays cut their target price on Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Finally, TD Cowen reaffirmed a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $182.00.

Marathon Petroleum Company 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.