NewSquare Capital LLC Purchases New Shares in Marathon Petroleum Co. (NYSE:MPC)

NewSquare Capital LLC acquired a new position in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 394 shares of the oil and gas company’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MPC. GAMMA Investing LLC purchased a new stake in Marathon Petroleum in the fourth quarter worth about $709,000. Eudaimonia Advisors LLC raised its position in shares of Marathon Petroleum by 11.3% in the 4th quarter. Eudaimonia Advisors LLC now owns 4,352 shares of the oil and gas company’s stock worth $646,000 after acquiring an additional 443 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Marathon Petroleum by 3.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,598 shares of the oil and gas company’s stock valued at $385,000 after purchasing an additional 87 shares during the period. SlateStone Wealth LLC boosted its position in shares of Marathon Petroleum by 3.7% during the fourth quarter. SlateStone Wealth LLC now owns 2,257 shares of the oil and gas company’s stock valued at $335,000 after purchasing an additional 80 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new stake in Marathon Petroleum in the fourth quarter worth $3,502,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of research reports. StockNews.com upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Mizuho boosted their price objective on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Raymond James raised their target price on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 31st. Citigroup assumed coverage on Marathon Petroleum in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Finally, Scotiabank upped their price target on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $193.77.

Marathon Petroleum Stock Performance

NYSE MPC traded down $1.69 during trading hours on Wednesday, hitting $197.96. The company’s stock had a trading volume of 789,462 shares, compared to its average volume of 2,776,830. Marathon Petroleum Co. has a 12 month low of $104.32 and a 12 month high of $221.11. The company’s 50 day simple moving average is $190.68 and its two-hundred day simple moving average is $165.99. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The company has a market cap of $71.33 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The firm had revenue of $36.26 billion during 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 business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $6.65 earnings per share. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 19.42 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.67%. Marathon Petroleum’s payout ratio is 14.02%.

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.