FWG Holdings LLC Purchases Shares of 2,695 Marathon Petroleum Co. (NYSE:MPC)

FWG Holdings LLC bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,695 shares of the oil and gas company's stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPC. Capital Performance Advisors LLP purchased a new position in shares of Marathon Petroleum during the third quarter valued at approximately $52,000. Equitable Trust Co. boosted its holdings in Marathon Petroleum by 212.8% during the 3rd quarter. Equitable Trust Co. now owns 5,145 shares of the oil and gas company's stock worth $838,000 after acquiring an additional 3,500 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth $1,451,000. Assetmark Inc. raised its holdings in shares of Marathon Petroleum by 1.8% in the third quarter. Assetmark Inc. now owns 47,358 shares of the oil and gas company's stock valued at $7,715,000 after purchasing an additional 846 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Marathon Petroleum by 6.3% during the third quarter. Lindbrook Capital LLC now owns 4,484 shares of the oil and gas company's stock valued at $730,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on MPC. Raymond James lifted their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 17th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Mizuho dropped their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company upped their price target on Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Finally, TD Cowen restated a "buy" rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.00.

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Marathon Petroleum Price Performance

MPC traded up $1.20 on Wednesday, reaching $135.92. The company had a trading volume of 583,107 shares, compared to its average volume of 2,817,283. The business has a 50 day simple moving average of $148.53 and a 200 day simple moving average of $153.62. The company has a market cap of $42.49 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 3.11 and a beta of 1.39. 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.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $31.94 billion. During the same period in the previous year, the business earned $3.98 earnings per share. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Insider Buying and Selling

In related news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction 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 purchase, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

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.