5,605 Shares in Marathon Petroleum Co. (NYSE:MPC) Acquired by Everpar Advisors LLC

Everpar Advisors LLC acquired a new stake in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,605 shares of the oil and gas company’s stock, valued at approximately $832,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPC. Marino Stram & Associates LLC grew 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 worth $1,695,000 after purchasing an additional 60 shares during the period. SteelPeak Wealth LLC grew its position in shares of Marathon Petroleum by 0.3% during the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after purchasing an additional 67 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in 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 valued at $231,000 after buying an additional 67 shares in the last quarter. Mission Wealth Management LP lifted its stake in shares of Marathon Petroleum by 0.8% in the 4th quarter. Mission Wealth Management LP now owns 8,756 shares of the oil and gas company’s stock valued at $1,299,000 after purchasing an additional 67 shares during the last quarter. Finally, Empower Advisory Group LLC lifted its stake in shares of Marathon Petroleum by 1.6% during the 3rd 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 during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 1.0 %

Marathon Petroleum stock traded down $1.86 during mid-day trading on Tuesday, reaching $180.92. The company’s stock had a trading volume of 1,697,379 shares, compared to its average volume of 2,763,372. The company has a market capitalization of $63.74 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. Marathon Petroleum Co. has a 12 month low of $104.32 and a 12 month high of $221.11. The business’s 50 day simple moving average is $194.58 and its 200 day simple moving average is $168.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The company had revenue of $32.71 billion during the quarter, compared to the consensus estimate of $32.07 billion. During the same quarter last year, the firm posted $6.09 EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, research analysts anticipate that Marathon Petroleum Co. will post 19.96 earnings per share for the current year.

Marathon Petroleum declared that its board has authorized a stock buyback program on Tuesday, April 30th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.82%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction 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 is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MPC. TD Cowen boosted their target price on Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. StockNews.com raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. Piper Sandler lifted their target price on Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Bank of America raised their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Finally, Barclays dropped their price target on Marathon Petroleum from $221.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $191.62.

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.