Bryce Point Capital LLC Acquires New Holdings in Marathon Petroleum Co. (NYSE:MPC)

Bryce Point Capital LLC bought a new position in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,188 shares of the oil and gas company’s stock, valued at approximately $584,000.

Several other large investors also recently made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC bought a new position in Marathon Petroleum in the 4th quarter worth approximately $27,000. Asset Planning Inc bought a new stake in Marathon Petroleum during the 4th quarter valued at $28,000. Sierra Ocean LLC acquired a new position in Marathon Petroleum during the 4th quarter worth $31,000. Cape Investment Advisory Inc. increased its holdings in shares of Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 267 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MPC. Raymond James reissued a “strong-buy” rating on shares of Marathon Petroleum in a research note on Thursday, March 27th. TD Cowen reiterated a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Mizuho cut their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Barclays lifted their price target on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Finally, Piper Sandler dropped their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.21.

Insider Activity

In related news, Director Evan Bayh purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Price Performance

NYSE MPC opened at $148.02 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The company has a market cap of $46.11 billion, a PE ratio of 14.91, a PEG ratio of 3.11 and a beta of 1.39. The stock’s 50-day moving average price is $148.53 and its two-hundred day moving average price is $151.21.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same quarter in the previous year, the business earned $3.98 earnings per share. The firm’s revenue was down 9.1% compared to the same quarter last year. On average, analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.46%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

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.