one8zero8 LLC Takes $617,000 Position in Marathon Petroleum Co. (NYSE:MPC)

one8zero8 LLC bought a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,424 shares of the oil and gas company's stock, valued at approximately $617,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in Marathon Petroleum in the 3rd quarter worth about $26,000. True Wealth Design LLC increased 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 purchasing an additional 148 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Marathon Petroleum during the 3rd quarter valued at about $33,000. Finally, Asset Planning Inc purchased a new stake in Marathon Petroleum in the 4th quarter worth approximately $28,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Up 1.0 %

Shares of NYSE:MPC traded up $1.44 on Wednesday, hitting $147.44. 415,300 shares of the company's stock were exchanged, compared to its average volume of 2,758,188. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth 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 Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The business's 50 day simple moving average is $148.56 and its two-hundred day simple moving average is $152.54.

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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, 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 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 firm's quarterly revenue was down 9.1% compared to the same quarter last year. Analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is presently 36.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Cowen reissued a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Mizuho lowered their target price 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. Wells Fargo & Company increased their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Barclays increased their target price on Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.13.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling bought 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Evan Bayh bought 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

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.