GFG Capital LLC Has $436,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

GFG Capital LLC raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC – Get Rating) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,386 shares of the oil and gas company’s stock after purchasing an additional 395 shares during the period. GFG Capital LLC’s holdings in Marathon Petroleum were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in MPC. Acadian Asset Management LLC lifted its position in Marathon Petroleum by 19.4% during the 1st quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock valued at $479,000 after purchasing an additional 910 shares during the period. Cibc World Market Inc. acquired a new stake in shares of Marathon Petroleum in the 1st quarter valued at approximately $282,000. Vontobel Holding Ltd. raised its position in shares of Marathon Petroleum by 1.6% in the 1st quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock valued at $1,584,000 after acquiring an additional 293 shares during the period. Sei Investments Co. raised its position in shares of Marathon Petroleum by 25.1% in the 1st quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock valued at $7,800,000 after acquiring an additional 18,230 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Marathon Petroleum by 11.0% in the 1st quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock valued at $807,000 after acquiring an additional 937 shares during the period. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marathon Petroleum

In other news, CEO Michael J. Hennigan sold 80,149 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $118.73, for a total transaction of $9,516,090.77. Following the transaction, the chief executive officer now directly owns 248,596 shares of the company’s stock, valued at $29,515,803.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marathon Petroleum news, CEO Michael J. Hennigan sold 80,149 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $118.73, for a total value of $9,516,090.77. Following the completion of the transaction, the chief executive officer now owns 248,596 shares in the company, valued at approximately $29,515,803.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Hennigan sold 100,000 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $121.75, for a total value of $12,175,000.00. Following the transaction, the chief executive officer now owns 296,826 shares of the company’s stock, valued at approximately $36,138,565.50. The disclosure for this sale can be found here. Insiders have sold 212,070 shares of company stock valued at $25,617,038 over the last ninety days. 0.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on MPC shares. Jefferies Financial Group initiated coverage on shares of Marathon Petroleum in a research report on Wednesday, October 19th. They issued a “hold” rating and a $119.00 price target on the stock. Piper Sandler dropped their target price on shares of Marathon Petroleum from $153.00 to $143.00 and set a “neutral” rating on the stock in a report on Monday, December 19th. StockNews.com raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Royal Bank of Canada raised their price target on shares of Marathon Petroleum from $126.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. Finally, Cowen raised their price target on shares of Marathon Petroleum from $133.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.53.

Marathon Petroleum Trading Down 2.4 %

MPC stock traded down $3.01 during trading on Thursday, hitting $119.96. The company had a trading volume of 2,639,126 shares, compared to its average volume of 3,616,778. The business has a 50-day moving average of $118.28 and a 200-day moving average of $108.38. Marathon Petroleum Co. has a one year low of $72.75 and a one year high of $136.46. The stock has a market cap of $56.22 billion, a PE ratio of 4.23, a PEG ratio of 0.26 and a beta of 1.60. The company has a current ratio of 1.66, a quick ratio of 1.19 and a debt-to-equity ratio of 0.78.

Marathon Petroleum (NYSE:MPC – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $6.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.54 by $1.11. Marathon Petroleum had a return on equity of 42.26% and a net margin of 8.07%. The firm had revenue of $39.82 billion for the quarter, compared to analyst estimates of $35.29 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. Research analysts predict that Marathon Petroleum Co. will post 16.5 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Thursday, February 16th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.50%. The ex-dividend date is Wednesday, February 15th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 10.49%.

About Marathon Petroleum

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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.