Alpine Woods Capital Investors LLC Grows Position in Marathon Petroleum Co. (NYSE:MPC)

Alpine Woods Capital Investors LLC increased its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 27.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,365 shares of the oil and gas company's stock after acquiring an additional 2,669 shares during the period. Alpine Woods Capital Investors LLC's holdings in Marathon Petroleum were worth $1,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPC. Covestor Ltd grew its position in Marathon Petroleum by 44.8% in the third quarter. Covestor Ltd now owns 294 shares of the oil and gas company's stock worth $48,000 after acquiring an additional 91 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in Marathon Petroleum during the third quarter valued at about $225,000. Victory Capital Management Inc. boosted its position in Marathon Petroleum by 11.5% during the third quarter. Victory Capital Management Inc. now owns 478,876 shares of the oil and gas company's stock valued at $78,014,000 after buying an additional 49,523 shares during the period. Haverford Trust Co boosted its position in Marathon Petroleum by 6.6% during the third quarter. Haverford Trust Co now owns 6,279 shares of the oil and gas company's stock valued at $1,023,000 after buying an additional 391 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its position in Marathon Petroleum by 6.3% during the third quarter. Pinnacle Financial Partners Inc now owns 6,315 shares of the oil and gas company's stock valued at $1,029,000 after buying an additional 374 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Marathon Petroleum

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on MPC shares. Piper Sandler cut their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company upped their price objective 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. TD Cowen reaffirmed a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Raymond James upped their price objective 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, Mizuho lowered their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.13.

Marathon Petroleum Stock Down 0.1 %

Shares of NYSE:MPC traded down $0.16 during trading on Tuesday, reaching $146.00. 2,797,798 shares of the stock traded hands, compared to its average volume of 2,475,507. The stock has a 50-day moving average of $148.48 and a two-hundred day moving average of $152.76. 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 quick ratio of 0.76 and a current ratio of 1.23. The stock has a market cap of $45.48 billion, a P/E ratio of 14.70, a price-to-earnings-growth 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 the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $31.94 billion. During the same quarter last year, the company posted $3.98 earnings per share. The firm's quarterly revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is presently 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.