Recurrent Investment Advisors LLC Boosts Stake in Marathon Petroleum Co. (NYSE:MPC)

Recurrent Investment Advisors LLC lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,065 shares of the oil and gas company’s stock after purchasing an additional 23,878 shares during the quarter. Marathon Petroleum accounts for approximately 2.2% of Recurrent Investment Advisors LLC’s portfolio, making the stock its 18th largest position. Recurrent Investment Advisors LLC owned about 0.05% of Marathon Petroleum worth $24,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MPC. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter worth about $27,000. Asset Planning Inc purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $28,000. Sierra Ocean LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $31,000. Cape Investment Advisory Inc. boosted its stake in shares of Marathon Petroleum by 762.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Marathon Petroleum in the 4th quarter worth $44,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on MPC shares. Raymond James lowered their price objective on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays increased their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday. Finally, TD Cowen upped their price target on Marathon Petroleum from $142.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.29.

Marathon Petroleum Stock Up 0.5%

NYSE:MPC opened at $163.64 on Thursday. 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’s fifty day moving average price is $138.59 and its 200-day moving average price is $145.34. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The firm has a market capitalization of $50.27 billion, a P/E ratio of 16.48, a PEG ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 EPS. As a group, equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.22%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Evan Bayh purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were purchased 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 directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.