Tennessee Valley Asset Management Partners Makes New $40,000 Investment in Marathon Petroleum Co. (NYSE:MPC)

Tennessee Valley Asset Management Partners bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 269 shares of the oil and gas company’s stock, valued at approximately $40,000.

Other hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new position in Marathon Petroleum during the fourth quarter worth about $32,000. Peoples Bank KS purchased a new position in shares of Marathon Petroleum in the third quarter valued at approximately $44,000. Exchange Traded Concepts LLC boosted its stake in shares of Marathon Petroleum by 811.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 284 shares during the period. PFS Partners LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $78,000. Finally, Operose Advisors LLC purchased a new position in shares of Marathon Petroleum in the third quarter valued at approximately $93,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s 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 transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Up 0.7 %

MPC stock opened at $199.72 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The company’s 50 day moving average is $190.68 and its two-hundred day moving average is $165.99. The stock has a market cap of $71.97 billion, a P/E ratio of 8.49, a PEG ratio of 1.69 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share 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 company had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. During the same quarter last year, the company earned $6.65 earnings per share. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. Research analysts expect that Marathon Petroleum Co. will post 19.42 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm 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. 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 1.65%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MPC. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Mizuho raised their price objective on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Piper Sandler raised their price objective on shares of Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Citigroup initiated coverage on shares of Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Finally, 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 report on Wednesday, January 31st. Five equities 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $193.77.

Marathon Petroleum 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.