Legacy Bridge LLC Acquires 209 Shares of Marathon Petroleum Co. (NYSE:MPC)

Legacy Bridge LLC increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC – Get Rating) by 40.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724 shares of the oil and gas company’s stock after acquiring an additional 209 shares during the period. Legacy Bridge LLC’s holdings in Marathon Petroleum were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MPC. M Holdings Securities Inc. lifted its position in Marathon Petroleum by 1.0% during the third quarter. M Holdings Securities Inc. now owns 9,292 shares of the oil and gas company’s stock valued at $923,000 after purchasing an additional 95 shares during the period. Mission Wealth Management LP lifted its position in Marathon Petroleum by 1.2% during the third quarter. Mission Wealth Management LP now owns 8,153 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 98 shares during the period. MBM Wealth Consultants LLC lifted its position in Marathon Petroleum by 41.3% during the third quarter. MBM Wealth Consultants LLC now owns 342 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Texas Yale Capital Corp. lifted its position in Marathon Petroleum by 2.6% during the third quarter. Texas Yale Capital Corp. now owns 3,925 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 100 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in Marathon Petroleum by 2.9% during the third quarter. Bahl & Gaynor Inc. now owns 3,595 shares of the oil and gas company’s stock valued at $357,000 after purchasing an additional 100 shares during the period. Institutional investors own 76.48% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $123.66 on Friday. The firm has a fifty day moving average price of $125.04 and a 200-day moving average price of $115.23. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.76 and a quick ratio of 1.32. The stock has a market cap of $54.61 billion, a PE ratio of 4.33, a price-to-earnings-growth ratio of 0.22 and a beta of 1.60. Marathon Petroleum Co. has a 1 year low of $76.06 and a 1 year high of $136.46.

Marathon Petroleum (NYSE:MPC – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $6.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.54 by $1.11. Marathon Petroleum had a net margin of 8.07% and a return on equity of 41.55%. The firm had revenue of $39.82 billion during the quarter, compared to analysts’ expectations of $35.29 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Co. will post 19.88 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Thursday, February 16th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.43%. Marathon Petroleum’s dividend payout ratio is 10.49%.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 6,000 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $130.00, for a total transaction of $780,000.00. Following the completion of the transaction, the director now owns 34,950 shares in the company, valued at $4,543,500. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on MPC shares. Morgan Stanley increased their price objective on shares of Marathon Petroleum from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, January 20th. Jefferies Financial Group raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating and upped their target price for the company from $134.00 to $157.00 in a report on Friday, March 3rd. Cowen upped their target price on shares of Marathon Petroleum from $133.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Piper Sandler reduced their target price on shares of Marathon Petroleum from $153.00 to $143.00 and set a “neutral” rating for the company in a report on Monday, December 19th. Finally, Mizuho raised shares of Marathon Petroleum from a “neutral” rating to a “buy” rating and upped their target price for the company from $133.00 to $160.00 in a report on Friday, March 10th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $138.63.

Marathon Petroleum Company Profile

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Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates.