Lifeworks Advisors LLC Takes Position in Marathon Petroleum Co. (NYSE:MPC)

Lifeworks Advisors LLC purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,256 shares of the oil and gas company's stock, valued at approximately $315,000.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Marathon Petroleum in the 3rd quarter valued at approximately $30,000. Portside Wealth Group LLC grew its stake in shares of Marathon Petroleum by 10.3% in the third quarter. Portside Wealth Group LLC now owns 6,829 shares of the oil and gas company's stock worth $1,113,000 after acquiring an additional 637 shares during the last quarter. AIA Group Ltd increased its position in Marathon Petroleum by 1.7% during the third quarter. AIA Group Ltd now owns 11,700 shares of the oil and gas company's stock worth $1,906,000 after acquiring an additional 200 shares during the period. Capital Performance Advisors LLP acquired a new position in Marathon Petroleum during the 3rd quarter valued at $52,000. Finally, Equitable Trust Co. boosted its holdings in Marathon Petroleum by 212.8% in the 3rd quarter. Equitable Trust Co. now owns 5,145 shares of the oil and gas company's stock valued at $838,000 after purchasing an additional 3,500 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Mizuho cut their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James raised their price objective 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. Wells Fargo & Company boosted their price objective 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 reaffirmed a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.00.

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Insider Transactions at Marathon Petroleum

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 acquired at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded down $1.33 during mid-day trading on Monday, hitting $136.22. 2,326,146 shares of the stock were exchanged, compared to its average volume of 2,516,264. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The stock's fifty day simple moving average is $148.61 and its two-hundred day simple moving average is $154.16. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The company has a market cap of $42.58 billion, a P/E ratio of 13.72, a PEG ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same quarter in the previous year, the firm earned $3.98 earnings per share. The business's revenue was down 9.1% on a year-over-year basis. As a group, analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.67%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum's payout ratio is presently 36.66%.

Marathon Petroleum Company 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.