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

Eudaimonia Advisors LLC boosted its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 11.3% in the fourth quarter, HoldingsChannel reports. 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 added to or reduced their stakes in MPC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Marathon Petroleum during the 4th quarter valued at about $25,000. Bruce G. Allen Investments LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $32,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $40,000. Peoples Bank KS purchased a new position in shares of Marathon Petroleum in the 3rd quarter worth approximately $44,000. Finally, Exchange Traded Concepts LLC grew its position in Marathon Petroleum by 811.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. TD Cowen boosted their target price 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. Barclays boosted their target price on shares of Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, Scotiabank boosted their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $193.77.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Up 0.7 %

Shares of MPC traded up $1.47 during mid-day trading on Tuesday, hitting $199.72. 1,703,070 shares of the company’s stock were exchanged, compared to its average volume of 2,802,556. The company has a market cap of $71.97 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 1.69 and a beta of 1.52. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $221.11. 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 stock’s 50-day moving average is $190.08 and its 200-day moving average is $165.60.

Marathon Petroleum (NYSE:MPC) last issued 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. The business had revenue of $36.26 billion for 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 quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.65 earnings per share. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 19.42 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

Marathon Petroleum Company 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.