Eudaimonia Advisors LLC Purchases 443 Shares of Marathon Petroleum Co. (NYSE:MPC)

Eudaimonia Advisors LLC lifted its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,352 shares of the oil and gas company’s stock after purchasing an additional 443 shares during the period. Eudaimonia Advisors LLC’s holdings in Marathon Petroleum were worth $646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Marino Stram & Associates LLC raised its stake in Marathon Petroleum by 0.5% in the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock valued at $1,695,000 after acquiring an additional 60 shares during the period. SteelPeak Wealth LLC raised its stake in Marathon Petroleum by 0.3% in the 4th quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after purchasing an additional 67 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Marathon Petroleum by 4.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 67 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position 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 valued at $160,000 after buying an additional 71 shares in the last quarter. Finally, Empower Advisory Group LLC grew its position in Marathon Petroleum by 1.6% during the third quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock worth $676,000 after buying an additional 72 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Performance

MPC traded up $1.47 on Tuesday, hitting $199.72. The company’s stock had a trading volume of 1,703,070 shares, compared to its average volume of 2,802,556. The company’s 50 day simple moving average is $190.08 and its 200-day simple moving average is $165.60. The firm has a market cap of $71.97 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52. Marathon Petroleum Co. has a 12 month low of $104.32 and a 12 month high of $221.11. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last posted its 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 net margin of 6.44% and a return on equity of 30.58%. The business had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. During the same period in the prior year, the company posted $6.65 EPS. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Co. will post 19.42 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s payout ratio is presently 14.02%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Raymond James upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, TD Cowen upped their price objective on shares of Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $193.77.

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.