Aquatic Capital Management LLC Takes $11.68 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Aquatic Capital Management LLC purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 83,730 shares of the oil and gas company's stock, valued at approximately $11,680,000.

Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum in the fourth quarter worth about $27,000. Asset Planning Inc acquired a new stake in Marathon Petroleum during the 4th quarter worth about $28,000. Sierra Ocean LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. increased its stake in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Marathon Petroleum in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Trading Up 0.5 %

NYSE MPC traded up $0.72 on Tuesday, reaching $138.30. The company had a trading volume of 1,747,540 shares, compared to its average volume of 2,712,525. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $196.98. The stock has a market cap of $43.08 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 3.11 and a beta of 1.04. The stock's 50 day moving average is $138.29 and its 200-day moving average is $145.93.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates 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 period last year, the firm posted $3.98 earnings per share. The business's quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Insider Transactions at Marathon Petroleum

In other news, Director Evan Bayh bought 1,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling bought 2,000 shares of the business's stock in a transaction on 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 purchase, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MPC shares. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James cut their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Piper Sandler reduced their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Scotiabank dropped their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.21.

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.