Fort Washington Investment Advisors Inc. OH Buys New Shares in Marathon Petroleum Co. (NYSE:MPC)

Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Marathon Petroleum Co. (NYSE:MPC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,534 shares of the oil and gas company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Gleason Group Inc. boosted its position in Marathon Petroleum by 75.2% during the 3rd quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 82 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in Marathon Petroleum during the 4th quarter valued at $32,000. True Wealth Design LLC purchased a new stake in Marathon Petroleum during the 4th quarter valued at $38,000. Almanack Investment Partners LLC. purchased a new stake in Marathon Petroleum during the 3rd quarter valued at $38,000. Finally, Mascoma Wealth Management LLC purchased a new stake in Marathon Petroleum during the 3rd quarter valued at $43,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.2 %

NYSE:MPC opened at $196.99 on Thursday. The firm has a market cap of $70.98 billion, a P/E ratio of 8.37, a P/E/G ratio of 2.24 and a beta of 1.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $203.01. The firm has a 50-day simple moving average of $173.14 and a two-hundred day simple moving average of $158.27.

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. 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 analyst estimates of $34.90 billion. During the same period in the previous year, the business posted $6.65 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. Analysts predict that Marathon Petroleum Co. will post 14.68 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Mizuho increased their price target on shares of Marathon Petroleum from $159.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Raymond James raised their target price 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. TD Cowen raised their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Citigroup began coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.33.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Friday, March 1st. The shares were 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 directly owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.