Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Jump Financial LLC

Jump Financial LLC boosted its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 195.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,800 shares of the oil and gas company's stock after acquiring an additional 2,514 shares during the quarter. Jump Financial LLC's holdings in Marathon Petroleum were worth $530,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $27,000. Asset Planning Inc purchased a new position in Marathon Petroleum during the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new stake in Marathon Petroleum during the 4th quarter valued at approximately $31,000. Cape Investment Advisory Inc. boosted its holdings in shares of Marathon Petroleum by 762.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

NYSE:MPC opened at $134.52 on Thursday. The firm has a market cap of $41.91 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The stock has a 50 day moving average of $139.47 and a two-hundred day moving average of $146.76. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $201.36. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

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, beating the consensus estimate of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.98 EPS. On average, analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Analysts Set New Price Targets

MPC has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Raymond James lowered their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Scotiabank reduced their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Piper Sandler lowered their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Barclays dropped their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average target price of $175.79.

Insider Activity at Marathon Petroleum

In related news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought 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 owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

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.

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