Keeley Teton Advisors LLC Purchases 175 Shares of Marathon Petroleum Co. (NYSE:MPC)

Keeley Teton Advisors LLC grew its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,590 shares of the oil and gas company’s stock after buying an additional 175 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Marathon Petroleum were worth $919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPC. Virtu Financial LLC lifted its position in shares of Marathon Petroleum by 13.3% during the third quarter. Virtu Financial LLC now owns 4,373 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 515 shares during the last quarter. Tudor Financial Inc. bought a new stake in Marathon Petroleum during the 3rd quarter valued at about $823,000. Stock Yards Bank & Trust Co. grew its stake in Marathon Petroleum by 1.0% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 12,038 shares of the oil and gas company’s stock worth $1,961,000 after acquiring an additional 116 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Marathon Petroleum by 4,227.5% during the third quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company’s stock worth $11,364,000 after acquiring an additional 68,147 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of Marathon Petroleum by 747.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company’s stock valued at $3,466,000 after purchasing an additional 18,764 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $124.11 on Thursday. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $205.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The company has a market cap of $38.66 billion, a PE ratio of 12.50, a P/E/G ratio of 3.11 and a beta of 1.04. The business has a 50-day simple moving average of $141.89 and a two-hundred day simple moving average of $148.09.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. Marathon Petroleum’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.98 EPS. As a group, equities analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.93%. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MPC shares. Raymond James decreased their target price on 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. Scotiabank lowered 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. Piper Sandler cut their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. One research 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. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average target price of $175.79.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The shares were bought 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 approximately $1,638,464.64. The trade was a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by insiders.

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.