Lionshead Wealth Management LLC Invests $403,000 in Marathon Petroleum Co. (NYSE:MPC)

Lionshead Wealth Management LLC bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,890 shares of the oil and gas company’s stock, valued at approximately $403,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $27,000. Asset Planning Inc acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $31,000. Cape Investment Advisory Inc. lifted its holdings in 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 purchasing an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $44,000. 76.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Morgan Stanley dropped their price objective on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Raymond James dropped their price objective on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. TD Cowen lifted their price objective on Marathon Petroleum from $142.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Piper Sandler dropped their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $172.93.

Marathon Petroleum Trading Up 0.6%

Shares of MPC stock opened at $150.90 on Monday. The firm has a market capitalization of $46.36 billion, a P/E ratio of 15.20, a P/E/G ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock’s fifty day simple moving average is $137.10 and its 200 day simple moving average is $145.04.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data 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. The business had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS. As a group, sell-side analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum’s payout ratio is presently 51.20%.

Insiders Place Their Bets

In related news, insider Ricky D. Hessling bought 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This represents a 19.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction 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 disclosure for this purchase can be found here. Company insiders own 0.21% of the company’s stock.

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.