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

one8zero8 LLC purchased a new position in shares of Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,424 shares of the oil and gas company’s stock, valued at approximately $617,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of Marathon Petroleum by 342.1% in the 3rd quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company’s stock worth $911,274,000 after acquiring an additional 4,328,470 shares during the period. Pacer Advisors Inc. lifted its position in Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company’s stock valued at $495,595,000 after purchasing an additional 647,045 shares during the period. National Bank of Canada FI boosted its holdings in Marathon Petroleum by 212.9% in the 3rd 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 in the last quarter. Assenagon Asset Management S.A. increased its position in Marathon Petroleum by 1,204.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock worth $75,757,000 after purchasing an additional 501,441 shares during the period. Finally, Amundi raised its stake in shares of Marathon Petroleum by 18.0% during the 4th quarter. Amundi now owns 2,807,566 shares of the oil and gas company’s stock worth $398,388,000 after buying an additional 428,708 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $141.23 on Monday. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The company has a market capitalization of $44.00 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 3.11 and a beta of 1.39. The stock has a fifty day moving average of $148.36 and a two-hundred day moving average of $152.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm 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 firm’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.58%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 36.66%.

Analyst Ratings Changes

MPC has been the topic of a number of analyst reports. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Mizuho lowered their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Barclays raised their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Finally, Piper Sandler reduced their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.13.

Marathon Petroleum 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.