Laurion Capital Management LP Acquires 2,112 Shares of Marathon Petroleum Co. (NYSE:MPC)

Laurion Capital Management LP grew its holdings in Marathon Petroleum Co. (NYSE:MPC) by 42.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,049 shares of the oil and gas company’s stock after acquiring an additional 2,112 shares during the period. Laurion Capital Management LP’s holdings in Marathon Petroleum were worth $983,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of analyst reports. Scotiabank reduced their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays lowered their price target on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company lowered their target price on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley lowered their target price on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus target price of $172.93.

Insider Buying and Selling at Marathon Petroleum

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

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $150.90 on Monday. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $137.10 and its 200-day moving average is $145.04. The firm has a market capitalization of $46.36 billion, a PE ratio of 15.20, a PEG ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the previous year, the company earned $2.58 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. Sell-side analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum’s payout ratio is 51.20%.

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.