Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. raised its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 23.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,397 shares of the oil and gas company's stock after buying an additional 2,893 shares during the period. Marathon Petroleum comprises about 1.3% of Mader & Shannon Wealth Management Inc.'s portfolio, making the stock its 16th largest holding. Mader & Shannon Wealth Management Inc.'s holdings in Marathon Petroleum were worth $2,148,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in shares of Marathon Petroleum by 342.1% in the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company's stock valued at $911,274,000 after purchasing an additional 4,328,470 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Marathon Petroleum by 19,153.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,311,182 shares of the oil and gas company's stock valued at $213,605,000 after buying an additional 1,304,372 shares in the last quarter. ING Groep NV acquired a new stake in shares of Marathon Petroleum in the 3rd quarter worth $114,107,000. Pacer Advisors Inc. boosted its position in shares of Marathon Petroleum by 22.3% during the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after acquiring an additional 647,045 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Marathon Petroleum by 212.9% in the third quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company's stock valued at $137,945,000 after purchasing an additional 576,119 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 0.7 %

Marathon Petroleum stock traded down $1.05 during mid-day trading on Monday, reaching $152.69. 1,566,183 shares of the company's stock were exchanged, compared to its average volume of 2,799,810. 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 Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a market cap of $49.07 billion, a P/E ratio of 15.42, a P/E/G ratio of 3.11 and a beta of 1.41. The company has a fifty day moving average of $146.72 and a 200-day moving average of $156.40.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $31.94 billion. During the same period last year, the firm earned $3.98 earnings per share. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum declared that its board has approved a stock repurchase program on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to buy up to 10% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.38%. Marathon Petroleum's payout ratio is 36.66%.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Jeffrey C. Campbell bought 6,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average price of $149.61 per share, for a total transaction of $897,660.00. Following the completion of the transaction, the director now owns 6,090 shares of the company's stock, valued at approximately $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MPC. Barclays decreased their target price on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Raymond James upped their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a report on Friday, January 17th. Wells Fargo & Company raised their target price on Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. TD Cowen reaffirmed a "buy" rating and issued a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Finally, Mizuho cut their price objective 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus price target of $181.27.

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.