Stonebrook Private Inc. Acquires New Stake in Marathon Petroleum Co. (NYSE:MPC)

Stonebrook Private Inc. purchased a new stake in Marathon Petroleum Co. (NYSE:MPC) during the 4th quarter, HoldingsChannel reports. The fund purchased 25,528 shares of the oil and gas company’s stock, valued at approximately $3,787,000. Marathon Petroleum comprises approximately 1.3% of Stonebrook Private Inc.’s portfolio, making the stock its 22nd biggest holding.

Other large investors have also recently modified their holdings of the company. Marino Stram & Associates LLC raised its stake in Marathon Petroleum by 0.5% in the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock valued at $1,695,000 after purchasing an additional 60 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of Marathon Petroleum by 0.3% during the 4th quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock valued at $3,028,000 after buying an additional 67 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of Marathon Petroleum by 4.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock worth $231,000 after acquiring an additional 67 shares during the last quarter. Empower Advisory Group LLC grew its position in Marathon Petroleum by 1.6% in the third quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock worth $676,000 after acquiring an additional 72 shares in the last quarter. Finally, Visionary Wealth Advisors raised its position in Marathon Petroleum by 4.0% during the third quarter. Visionary Wealth Advisors now owns 1,965 shares of the oil and gas company’s stock valued at $297,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup started coverage on Marathon Petroleum in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Mizuho lifted their price target on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Raymond James lifted their target price on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. Finally, Bank of America upped their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.77.

Marathon Petroleum Trading Down 0.6 %

Shares of MPC traded down $1.12 during mid-day trading on Friday, hitting $198.39. 1,954,070 shares of the company’s stock traded hands, compared to its average volume of 2,218,313. The business’s 50-day moving average price is $192.39 and its 200-day moving average price is $166.94. Marathon Petroleum Co. has a 1 year low of $104.32 and a 1 year high of $221.11. The firm has a market capitalization of $71.49 billion, a P/E ratio of 8.43, a PEG ratio of 1.61 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 (EPS) for the quarter, beating the consensus estimate of $2.21 by $1.77. The company had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. Marathon Petroleum’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.65 earnings per share. As a group, sell-side analysts forecast that Marathon Petroleum Co. will post 20.49 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a $0.825 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.66%. Marathon Petroleum’s payout ratio is 14.02%.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the sale, the director now directly 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 can be accessed through this link. Insiders own 0.21% of the company’s stock.

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.