7,240 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by Hurley Capital LLC

Hurley Capital LLC bought a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,240 shares of the oil and gas company's stock, valued at approximately $1,034,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD Second National Bank of Aurora increased its holdings in Marathon Petroleum by 7.2% during the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock valued at $139,000 after purchasing an additional 67 shares in the last quarter. Nixon Peabody Trust Co. raised its holdings in Marathon Petroleum by 3.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after buying an additional 68 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after buying an additional 69 shares in the last quarter. American Trust lifted its stake in Marathon Petroleum by 5.3% in the 3rd quarter. American Trust now owns 1,397 shares of the oil and gas company's stock valued at $228,000 after acquiring an additional 70 shares in the last quarter. Finally, DT Investment Partners LLC boosted its position in Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock worth $55,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James lowered their price target on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday. Piper Sandler cut their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, Barclays raised their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average price target of $179.57.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh bought 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, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, 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. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Down 7.4 %

Shares of NYSE:MPC traded down $9.79 during trading on Thursday, reaching $121.63. 1,971,344 shares of the stock were exchanged, compared to its average volume of 2,677,568. The stock has a fifty day moving average of $144.83 and a two-hundred day moving average of $149.37. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $215.24. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The firm has a market cap of $37.89 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly 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 return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. During the same quarter in the prior year, the company posted $3.98 earnings per share. Marathon Petroleum's revenue was down 9.1% compared to the same quarter last year. 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. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.99%. Marathon Petroleum's 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.