Joseph Group Capital Management Buys 5,623 Shares of Marathon Petroleum Co. (NYSE:MPC)

Joseph Group Capital Management increased its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 40.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,578 shares of the oil and gas company's stock after purchasing an additional 5,623 shares during the period. Joseph Group Capital Management's holdings in Marathon Petroleum were worth $2,731,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cambridge Financial Group Inc. bought a new position in Marathon Petroleum in the 4th quarter valued at $5,624,000. Allstate Corp bought a new stake in Marathon Petroleum during the fourth quarter valued at $1,404,000. DnB Asset Management AS increased its stake in Marathon Petroleum by 26.3% in the 4th quarter. DnB Asset Management AS now owns 1,751 shares of the oil and gas company's stock worth $244,000 after acquiring an additional 365 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Marathon Petroleum by 4.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 21,428 shares of the oil and gas company's stock valued at $2,989,000 after acquiring an additional 839 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in shares of Marathon Petroleum by 5.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 209,497 shares of the oil and gas company's stock valued at $29,225,000 after acquiring an additional 10,100 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

Insider Transactions at Marathon Petroleum

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

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MPC shares. 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. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. TD Cowen reissued a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Mizuho dropped their price target on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus price target of $180.29.

Marathon Petroleum Trading Down 11.9 %

Marathon Petroleum stock traded down $17.57 during trading hours on Thursday, reaching $130.33. The stock had a trading volume of 1,647,786 shares, compared to its average volume of 2,634,365. The company has a fifty day simple moving average of $148.53 and a 200-day simple moving average of $151.21. Marathon Petroleum Co. has a 52 week low of $130.05 and a 52 week high of $221.11. The stock has a market cap of $40.60 billion, a PE ratio of 13.12, a PEG ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

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 for 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%. Marathon Petroleum's quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $3.98 earnings per share. Analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

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. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.79%. 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.