Zhang Financial LLC Has $599,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Zhang Financial LLC boosted its position in Marathon Petroleum Co. (NYSE:MPC) by 33.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,037 shares of the oil and gas company’s stock after buying an additional 1,016 shares during the quarter. Zhang Financial LLC’s holdings in Marathon Petroleum were worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPC. Marino Stram & Associates LLC raised its stake in shares of Marathon Petroleum by 0.5% in the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after acquiring an additional 60 shares during the last quarter. SteelPeak Wealth LLC raised its stake in shares of Marathon Petroleum by 0.3% in the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after acquiring an additional 67 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of Marathon Petroleum by 4.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock worth $231,000 after acquiring an additional 67 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Marathon Petroleum by 7.2% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,060 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 71 shares during the last quarter. Finally, Empower Advisory Group LLC raised its stake in shares of Marathon Petroleum by 1.6% in the third quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock worth $676,000 after acquiring an additional 72 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 0.7 %

Shares of NYSE MPC opened at $196.42 on Friday. The stock has a market cap of $70.78 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.67 and a beta of 1.52. The firm has a 50 day moving average price of $189.49 and a 200 day moving average price of $164.92. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The firm had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.65 earnings per share. Analysts expect that Marathon Petroleum Co. will post 19.42 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s payout ratio is currently 14.02%.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MPC. Bank of America boosted their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. TD Cowen lifted their price target on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Citigroup started coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They set a “neutral” rating for the company. Piper Sandler lifted their price target on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, StockNews.com upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.77.

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.