Bryce Point Capital LLC Invests $584,000 in Marathon Petroleum Co. (NYSE:MPC)

Bryce Point Capital LLC bought a new position in 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 institutional investor bought 4,188 shares of the oil and gas company's stock, valued at approximately $584,000.

Other large investors have also recently modified their holdings of the company. Huntington National Bank boosted its stake in Marathon Petroleum by 4.5% during the 4th quarter. Huntington National Bank now owns 31,622 shares of the oil and gas company's stock valued at $4,411,000 after purchasing an additional 1,366 shares during the last quarter. Groupama Asset Managment increased its holdings in Marathon Petroleum by 49.6% in the 4th quarter. Groupama Asset Managment now owns 18,738 shares of the oil and gas company's stock worth $2,541,000 after buying an additional 6,214 shares in the last quarter. Trexquant Investment LP purchased a new position in Marathon Petroleum in the 4th quarter worth about $1,622,000. National Bank of Canada FI lifted its stake in Marathon Petroleum by 32.7% during the 4th quarter. National Bank of Canada FI now owns 1,123,761 shares of the oil and gas company's stock valued at $156,759,000 after acquiring an additional 277,005 shares during the period. Finally, Summit Financial LLC grew its stake in shares of Marathon Petroleum by 18.7% in the fourth quarter. Summit Financial LLC now owns 3,576 shares of the oil and gas company's stock worth $499,000 after acquiring an additional 564 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insiders Place Their Bets

In other news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 $9,266,078.50. The trade was a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MPC. Piper Sandler dropped their target price 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. Raymond James restated a "strong-buy" rating and issued a $193.00 price target on shares of Marathon Petroleum in a research note on Thursday, March 27th. Wells Fargo & Company upped 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. Mizuho cut their price target on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, Barclays increased their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Marathon Petroleum currently has an average rating of "Moderate Buy" and an average price target of $180.29.

Marathon Petroleum Price Performance

MPC stock traded down $0.48 during mid-day trading on Monday, hitting $120.59. The company had a trading volume of 3,178,604 shares, compared to its average volume of 2,655,731. The company has a market capitalization of $37.57 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 3.11 and a beta of 1.04. The company has a 50-day moving average price of $147.41 and a 200 day moving average price of $150.58. 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 12-month low of $112.74 and a 12-month high of $219.74.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.71. The business had revenue of $33.47 billion during 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 firm's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.98 EPS. On average, research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were issued a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.02%. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

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.