Hurley Capital LLC Acquires Shares of 7,240 Marathon Petroleum Co. (NYSE:MPC)

Hurley Capital LLC acquired a new position in shares of Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,240 shares of the oil and gas company’s stock, valued at approximately $1,034,000.

Other hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. lifted its position in Marathon Petroleum by 13.7% in the fourth quarter. Wedbush Securities Inc. now owns 6,718 shares of the oil and gas company’s stock valued at $937,000 after acquiring an additional 808 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Marathon Petroleum during the 4th quarter worth approximately $15,522,000. Islay Capital Management LLC increased its position in Marathon Petroleum by 8.3% during the fourth quarter. Islay Capital Management LLC now owns 7,888 shares of the oil and gas company’s stock worth $1,100,000 after buying an additional 604 shares during the period. Bornite Capital Management LP acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $34,875,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Marathon Petroleum by 30.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,037 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $121.02 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The stock’s fifty day simple moving average is $147.41 and its 200 day simple moving average is $150.77. Marathon Petroleum Co. has a one year low of $115.97 and a one year high of $221.11. The firm has a market cap of $37.70 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.98 earnings per share. On average, analysts expect that Marathon Petroleum Co. will post 8.47 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 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 36.66%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MPC shares. Barclays increased their price target on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Wells Fargo & Company upped their price objective on Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Piper Sandler dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Raymond James reiterated a “strong-buy” rating and issued a $193.00 price objective on shares of Marathon Petroleum in a research report on Thursday, March 27th. Finally, Mizuho cut their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.29.

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.