3,619 Shares in Marathon Petroleum Co. (NYSE:MPC) Bought by Lauterbach Financial Advisors LLC

Lauterbach Financial Advisors LLC bought a new position in shares of Marathon Petroleum Co. (NYSE:MPCGet Rating) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,619 shares of the oil and gas company’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Moors & Cabot Inc. increased its stake in Marathon Petroleum by 131.2% in the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 14,188 shares in the last quarter. Addison Advisors LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $28,000. Ellis Investment Partners LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $30,000. Capital Directions Investment Advisors LLC acquired a new position in shares of Marathon Petroleum during the third quarter valued at about $31,000. Finally, Roble Belko & Company Inc acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $32,000. 76.01% of the stock is owned by institutional investors and hedge funds.

MPC stock traded down $2.43 during midday trading on Friday, reaching $87.26. The company had a trading volume of 5,081,932 shares, compared to its average volume of 4,548,538. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.70 and a quick ratio of 1.25. Marathon Petroleum Co. has a 1 year low of $50.19 and a 1 year high of $93.16. The company has a market capitalization of $48.74 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.60 and a beta of 1.92. The firm has a 50-day moving average price of $81.92 and a 200-day moving average price of $72.92.

Marathon Petroleum (NYSE:MPCGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The oil and gas company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.83. Marathon Petroleum had a net margin of 8.05% and a return on equity of 4.74%. The company had revenue of $35.61 billion during the quarter, compared to analysts’ expectations of $25.79 billion. During the same quarter in the prior year, the company earned ($0.94) EPS. The firm’s revenue was up 95.8% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Co. will post 7.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Wednesday, May 18th will be paid a $0.58 dividend. The ex-dividend date is Tuesday, May 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.66%. Marathon Petroleum’s dividend payout ratio (DPR) is 15.48%.

In other Marathon Petroleum news, VP Carl Kristopher Hagedorn sold 4,695 shares of the stock in a transaction on Friday, February 4th. The shares were sold at an average price of $77.66, for a total transaction of $364,613.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim K.W. Rucker sold 5,000 shares of the stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $83.00, for a total transaction of $415,000.00. The disclosure for this sale can be found here. Insiders sold a total of 14,695 shares of company stock valued at $1,178,364 in the last ninety days. 0.28% of the stock is owned by corporate insiders.

Several research firms recently weighed in on MPC. Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating and set a $90.00 price target on the stock in a report on Monday, February 7th. TheStreet upgraded shares of Marathon Petroleum from a “c+” rating to a “b” rating in a report on Wednesday, March 2nd. Piper Sandler boosted their price target on shares of Marathon Petroleum from $76.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, April 18th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $91.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, April 21st. Finally, Credit Suisse Group boosted their target price on shares of Marathon Petroleum from $78.00 to $90.00 in a research note on Thursday, February 3rd. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $92.67.

About Marathon Petroleum (Get Rating)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments: Refining & Marketing, and Midstream. 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.

See Also

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Co. (NYSE:MPCGet Rating).

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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