Keel Point LLC Purchases 116 Shares of Marathon Petroleum Co. (NYSE:MPC)

Keel Point LLC raised its position in Marathon Petroleum Co. (NYSE:MPC) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,461 shares of the oil and gas company’s stock after buying an additional 116 shares during the quarter. Keel Point LLC’s holdings in Marathon Petroleum were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC raised its stake in Marathon Petroleum by 121,130.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,942,426 shares of the oil and gas company’s stock worth $458,859,000 after purchasing an additional 3,939,174 shares in the last quarter. Norges Bank bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $453,190,000. Arrowstreet Capital Limited Partnership increased its stake in Marathon Petroleum by 22,119.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,227,468 shares of the oil and gas company’s stock worth $190,449,000 after acquiring an additional 2,217,443 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Marathon Petroleum in the 3rd quarter valued at $109,099,000. Finally, Acadian Asset Management LLC lifted its position in shares of Marathon Petroleum by 127.0% during the 3rd quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock valued at $186,536,000 after acquiring an additional 689,576 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $203.88 on Wednesday. The stock’s 50-day moving average is $187.80 and its 200-day moving average is $164.11. Marathon Petroleum Co. has a 1-year low of $104.32 and a 1-year high of $221.11. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The stock has a market cap of $73.46 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 1.97 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last posted its 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. The firm had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.65 EPS. Equities research analysts anticipate that Marathon Petroleum Co. will post 17.53 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced 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. This represents a $3.30 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

Wall Street Analyst Weigh In

MPC has been the subject of several recent analyst reports. Bank of America upped their price objective on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Raymond James increased their price target 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. Barclays boosted their price objective on shares of Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. TD Cowen raised their target price on Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Scotiabank boosted their price target on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $193.77.

About Marathon Petroleum

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.