Independent Advisor Alliance Buys 2,075 Shares of Marathon Petroleum Co. (NYSE:MPC)

Independent Advisor Alliance grew its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 28.9% during the 4th quarter, Holdings Channel reports. The firm owned 9,252 shares of the oil and gas company’s stock after buying an additional 2,075 shares during the period. Independent Advisor Alliance’s holdings in Marathon Petroleum were worth $1,291,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. OLD Second National Bank of Aurora lifted its stake in Marathon Petroleum by 7.2% in the fourth quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock valued at $139,000 after acquiring an additional 67 shares during the last quarter. Nixon Peabody Trust Co. lifted its stake in Marathon Petroleum by 3.4% in the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 68 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock worth $596,000 after purchasing an additional 69 shares during the period. American Trust raised its stake in Marathon Petroleum by 5.3% in the third quarter. American Trust now owns 1,397 shares of the oil and gas company’s stock valued at $228,000 after buying an additional 70 shares during the period. Finally, DT Investment Partners LLC lifted its position in shares of Marathon Petroleum by 21.5% in the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of a number of recent analyst reports. Raymond James boosted their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a report on Friday, January 17th. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Barclays raised their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Finally, Piper Sandler cut their price objective 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 analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.13.

Marathon Petroleum Trading Up 3.1 %

Shares of NYSE:MPC opened at $141.23 on Friday. The business’s 50 day simple moving average is $148.36 and its 200 day simple moving average is $153.17. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a market capitalization of $44.15 billion, a P/E ratio of 14.22, a P/E/G ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating 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 the consensus estimate of $31.94 billion. During the same period in the prior year, the company posted $3.98 EPS. The company’s revenue was down 9.1% compared to the same quarter last year. On average, research 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. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s payout ratio is presently 36.66%.

Insider Transactions at Marathon Petroleum

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

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.