Fountainhead AM LLC Takes Position in Marathon Petroleum Co. (NYSE:MPC)

Fountainhead AM LLC purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,384 shares of the oil and gas company’s stock, valued at approximately $205,000.

Several other hedge funds also recently modified their holdings of MPC. Aspire Private Capital LLC grew its holdings in shares of Marathon Petroleum by 4.4% in the 3rd quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock worth $523,000 after acquiring an additional 145 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Marathon Petroleum by 3.2% in the 4th quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company’s stock worth $1,617,000 after acquiring an additional 340 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in shares of Marathon Petroleum by 9.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock worth $87,753,000 after acquiring an additional 48,540 shares during the last quarter. Trust Point Inc. acquired a new position in shares of Marathon Petroleum in the 4th quarter worth $738,000. Finally, Whittier Trust Co. grew its holdings in shares of Marathon Petroleum by 6.4% in the 4th quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company’s stock worth $1,324,000 after acquiring an additional 537 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Up 0.7 %

Shares of NYSE:MPC traded up $1.47 on Tuesday, reaching $199.72. The company had a trading volume of 1,703,070 shares, compared to its average volume of 2,802,556. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The stock has a 50-day moving average price of $190.68 and a 200 day moving average price of $165.99. The stock has a market capitalization of $71.97 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.69 and a beta of 1.52. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. During the same quarter in the previous year, the firm earned $6.65 earnings per share. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities analysts expect that Marathon Petroleum Co. will post 19.42 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 annualized dividend and a dividend yield of 1.65%. Marathon Petroleum’s dividend payout ratio is presently 14.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MPC. Citigroup began coverage on Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Mizuho lifted their price target on Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company lifted their price target on Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Raymond James lifted their price target on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 31st. Finally, Scotiabank lifted their price target on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.77.

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.