Glass Jacobson Investment Advisors llc Grows Stake in Marathon Petroleum Co. (NYSE:MPC)

Glass Jacobson Investment Advisors llc boosted its position in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,720 shares of the oil and gas company’s stock after purchasing an additional 187 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Marathon Petroleum were worth $255,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MPC. Morgan Stanley raised its holdings in shares of Marathon Petroleum by 1.1% in the fourth quarter. Morgan Stanley now owns 7,851,320 shares of the oil and gas company’s stock worth $913,815,000 after acquiring an additional 85,809 shares during the last quarter. Northern Trust Corp raised its stake in Marathon Petroleum by 1.0% in the 3rd quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock valued at $685,088,000 after purchasing an additional 43,989 shares during the last quarter. Raymond James & Associates lifted its holdings in Marathon Petroleum by 2.4% in the 4th quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company’s stock valued at $608,581,000 after purchasing an additional 96,753 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Marathon Petroleum by 121,130.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,942,426 shares of the oil and gas company’s stock worth $458,859,000 after buying an additional 3,939,174 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $453,190,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $201.50 on Monday. Marathon Petroleum Co. has a 1 year low of $104.32 and a 1 year high of $203.01. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. The firm has a market cap of $72.61 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 2.12 and a beta of 1.52. The firm’s 50-day simple moving average is $176.00 and its 200-day simple moving average is $159.19.

Marathon Petroleum (NYSE:MPCGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The business had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same quarter last year, the business posted $6.65 EPS. The business’s revenue was down 8.9% on a year-over-year basis. Equities analysts forecast that Marathon Petroleum Co. will post 15.82 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays upped their target price on Marathon Petroleum from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. 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. Citigroup began coverage on shares of Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Bank of America lifted their target price on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group raised their target price on shares of Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.09.

View Our Latest Stock Report on MPC

Insiders Place Their Bets

In related news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by insiders.

Marathon Petroleum Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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