Marathon Petroleum Co. (NYSE:MPC) Stock Position Raised by Demars Financial Group LLC

Demars Financial Group LLC grew its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 16,338.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,177,133 shares of the oil and gas company's stock after acquiring an additional 4,151,722 shares during the quarter. Marathon Petroleum comprises 1.8% of Demars Financial Group LLC's investment portfolio, making the stock its 10th largest position. Demars Financial Group LLC owned about 1.30% of Marathon Petroleum worth $582,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the fourth quarter worth $27,000. Asset Planning Inc purchased a new stake in Marathon Petroleum in the fourth quarter worth approximately $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $31,000. Cape Investment Advisory Inc. lifted its holdings in shares of Marathon Petroleum by 762.9% in the 4th 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 bought a new position in shares of Marathon Petroleum during the 4th quarter valued at $44,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price 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 $9,266,078.50. This represents a 1.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

MPC has been the topic of several analyst reports. Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James decreased their price target 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. Scotiabank decreased their price target 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. Finally, Barclays dropped their target price on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.79.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded down $1.36 during trading on Monday, reaching $126.36. The stock had a trading volume of 1,152,374 shares, compared to its average volume of 2,695,298. The business has a fifty day moving average price of $140.81 and a 200-day moving average price of $147.27. The stock has a market cap of $39.37 billion, a PE ratio of 12.73, a PEG ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $201.36.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted 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. The company 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 quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.98 earnings per share. On average, equities analysts forecast 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. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is 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.