17,291 Shares in Marathon Petroleum Co. (NYSE:MPC) Bought by Naples Money Management LLC

Naples Money Management LLC purchased a new stake in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,291 shares of the oil and gas company’s stock, valued at approximately $2,565,000. Marathon Petroleum makes up about 2.4% of Naples Money Management LLC’s investment portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPC. Bruce G. Allen Investments LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at $32,000. True Wealth Design LLC bought a new stake in shares of Marathon Petroleum during the fourth quarter worth about $38,000. Almanack Investment Partners LLC. acquired a new stake in shares of Marathon Petroleum in the 3rd quarter worth about $38,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth about $40,000. Finally, Mascoma Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the 3rd quarter worth about $43,000. 76.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

MPC has been the topic of a number of analyst reports. Citigroup initiated coverage on shares of Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Mizuho upped their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. The Goldman Sachs Group upped their target price on shares of Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. upped their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Finally, Bank of America upped their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Five research 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. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of the 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 completion of the transaction, 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 can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock traded up $1.40 on Friday, reaching $196.42. 1,748,676 shares of the company traded hands, compared to its average volume of 2,834,987. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11. The company has a 50 day moving average of $188.96 and a 200 day moving average of $164.59. The firm has a market capitalization of $70.78 billion, a PE ratio of 8.35, a PEG ratio of 1.92 and a beta of 1.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The firm had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. During the same period in the prior year, the firm earned $6.65 EPS. The company’s revenue was down 8.9% compared to the same quarter last year. Equities analysts forecast that Marathon Petroleum Co. will post 17.57 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

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.