New Age Alpha Advisors LLC Invests $1.19 Million in Marathon Petroleum Co. (NYSE:MPC)

New Age Alpha Advisors LLC purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,548 shares of the oil and gas company's stock, valued at approximately $1,192,000.

Other hedge funds also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Marathon Petroleum during the 3rd quarter valued at $4,073,000. Captrust Financial Advisors grew its position in Marathon Petroleum by 10.2% during the third quarter. Captrust Financial Advisors now owns 89,122 shares of the oil and gas company's stock worth $14,519,000 after buying an additional 8,283 shares in the last quarter. Point72 Europe London LLP bought a new position in Marathon Petroleum in the 3rd quarter worth about $782,000. Edgestream Partners L.P. raised its holdings in shares of Marathon Petroleum by 5.2% in the 3rd quarter. Edgestream Partners L.P. now owns 16,497 shares of the oil and gas company's stock valued at $2,688,000 after acquiring an additional 811 shares in the last quarter. Finally, True Wealth Design LLC boosted its position in shares of Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insiders Place Their Bets

In other news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

MPC has been the topic of a number of recent analyst reports. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. TD Cowen restated a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Barclays upped their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Piper Sandler lowered their price target 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, Raymond James reiterated a "strong-buy" rating and issued a $193.00 price objective on shares of Marathon Petroleum in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus target price of $180.29.

Marathon Petroleum Trading Down 5.9 %

Shares of Marathon Petroleum stock traded down $7.57 during trading on Friday, reaching $121.02. 5,832,177 shares of the stock were exchanged, compared to its average volume of 2,653,019. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a market cap of $37.70 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 1 year low of $116.08 and a 1 year high of $221.11. The stock's fifty day moving average is $147.41 and its 200 day moving average is $150.77.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share 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 analysts' expectations of $31.94 billion. During the same quarter last year, the business posted $3.98 EPS. The business's revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is currently 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.