Crux Wealth Advisors Acquires New Shares in Marathon Petroleum Co. (NYSE:MPC)

Crux Wealth Advisors bought a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,720 shares of the oil and gas company's stock, valued at approximately $1,216,000.

Several other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after buying an additional 4,367,774 shares during the last quarter. Norges Bank acquired a new position in Marathon Petroleum during the 4th quarter valued at about $453,427,000. Boston Partners increased its holdings in Marathon Petroleum by 37.4% during the 4th quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after purchasing an additional 935,042 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock worth $495,595,000 after purchasing an additional 647,045 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Marathon Petroleum by 1,204.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company's stock valued at $75,757,000 after buying an additional 501,441 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Activity

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ricky D. Hessling purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

MPC has been the topic of several recent analyst reports. Barclays dropped their price objective on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday. Piper Sandler cut their price target 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. Scotiabank decreased 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 research note on Friday, April 11th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price target on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research 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 issued a strong buy rating to the company's stock. According to MarketBeat, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus price target of $175.79.

Marathon Petroleum Stock Performance

NYSE MPC traded up $4.28 during trading on Thursday, hitting $128.35. 1,149,252 shares of the company's stock traded hands, compared to its average volume of 2,689,381. 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 capitalization of $39.99 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $205.61. The business has a 50 day moving average of $141.89 and a 200-day moving average of $148.09.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating 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 business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same period in the previous year, the business earned $3.98 EPS. Marathon Petroleum's revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is presently 36.66%.

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.