Rothschild Investment LLC Raises Stake in Marathon Petroleum Co. (NYSE:MPC)

Rothschild Investment LLC raised its position in Marathon Petroleum Co. (NYSE:MPC — Free Report) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,631 shares of the oil and gas company’s stock after acquiring an additional 3,599 shares during the quarter. Rothschild Investment LLC’s holdings in Marathon Petroleum were worth $3,006,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $27,000. Asset Planning Inc purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $28,000. Sierra Ocean LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $31,000. Finally, Cape Investment Advisory Inc. lifted its position 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 worth $42,000 after buying an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Raymond James reduced their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Barclays upped their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $175.29.

Check Out Our Latest Report on MPC

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. The trade was a 1.46% 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, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired 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 owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $160.62 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The stock has a market cap of $49.34 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The firm’s fifty day simple moving average is $142.62 and its 200-day simple moving average is $146.23.

Marathon Petroleum (NYSE:MPC — Get Free Report) 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 business had revenue of $31.85 billion for the quarter, compared to analysts’ expectations of $28.91 billion. During the same period in the prior year, the company posted $2.58 EPS. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.27%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Marathon Petroleum Company 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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