Quantessence Capital LLC Makes New Investment in Marathon Petroleum Co. (NYSE:MPC)

Quantessence Capital LLC purchased a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 27,167 shares of the oil and gas company's stock, valued at approximately $3,790,000. Marathon Petroleum comprises 1.6% of Quantessence Capital LLC's investment portfolio, making the stock its 14th largest position.

Other hedge funds have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the 4th quarter valued at $27,000. Asset Planning Inc bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at about $28,000. Sierra Ocean LLC acquired a new stake in Marathon Petroleum in the fourth quarter worth about $31,000. Cape Investment Advisory Inc. grew its position in 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 buying an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Marathon Petroleum during the 4th quarter valued at about $44,000. Institutional investors own 76.77% of the company's stock.

Insider Activity

In other news, insider Ricky D. Hessling bought 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their position. The purchase 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 dated Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded up $0.06 during trading on Friday, reaching $137.60. The company had a trading volume of 1,681,149 shares, compared to its average volume of 2,714,086. 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 stock has a market cap of $42.87 billion, a PE ratio of 13.86, a PEG ratio of 3.11 and a beta of 1.04. The business's 50 day moving average price is $138.67 and its 200-day moving average price is $146.36. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $201.36.

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

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is presently 36.66%.

Analysts Set New Price Targets

MPC has been the subject of several research reports. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Raymond James reduced their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Piper Sandler cut their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Barclays decreased their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $174.21.

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.