5,967 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by HMV Wealth Advisors LLC

HMV Wealth Advisors LLC bought a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,967 shares of the oil and gas company's stock, valued at approximately $832,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPC. Gladius Capital Management LP acquired a new stake in Marathon Petroleum in the 3rd quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $27,000. True Wealth Design LLC grew its holdings in shares of Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 148 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $28,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Activity

In other news, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MPC shares. Barclays lifted their price objective on Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a report on Friday. TD Cowen restated a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Mizuho cut their target price on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Raymond James raised their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 17th. Finally, Piper Sandler cut their target price 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $182.13.

Marathon Petroleum Price Performance

MPC traded down $0.16 during trading on Tuesday, hitting $146.00. The company's stock had a trading volume of 2,797,798 shares, compared to its average volume of 2,476,660. The firm's 50 day moving average price is $148.56 and its two-hundred day moving average price is $152.54. The stock has a market capitalization of $45.48 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. 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 (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating 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 business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $3.98 EPS. Sell-side analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared 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 of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.49%. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

Marathon Petroleum 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.