Aquatic Capital Management LLC Purchases 22,823 Shares of Marathon Petroleum Corporation $MPC

Aquatic Capital Management LLC lifted its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 618.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,514 shares of the oil and gas company’s stock after purchasing an additional 22,823 shares during the period. Aquatic Capital Management LLC’s holdings in Marathon Petroleum were worth $5,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MPC. Brighton Jones LLC boosted its stake in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after acquiring an additional 1,178 shares during the period. Woodline Partners LP lifted its holdings in Marathon Petroleum by 38.3% during the 1st quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after purchasing an additional 7,396 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Marathon Petroleum by 26.6% during the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after purchasing an additional 466 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Marathon Petroleum by 4.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,346 shares of the oil and gas company’s stock worth $12,516,000 after purchasing an additional 3,081 shares during the period. Finally, Creative Planning increased its holdings in shares of Marathon Petroleum by 0.5% in the second quarter. Creative Planning now owns 176,368 shares of the oil and gas company’s stock valued at $29,297,000 after purchasing an additional 880 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,037 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $229.08, for a total value of $237,555.96. Following the sale, the insider directly owned 9,151 shares in the company, valued at approximately $2,096,311.08. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Marathon Petroleum Stock Up 1.4%

NYSE MPC opened at $229.36 on Tuesday. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $236.10. The business has a fifty day moving average price of $194.20 and a two-hundred day moving average price of $188.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The stock has a market capitalization of $67.60 billion, a PE ratio of 17.18, a PEG ratio of 1.35 and a beta of 0.69.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.Marathon Petroleum’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. Equities analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.7%. Marathon Petroleum’s dividend payout ratio is 29.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Barclays lowered their price target on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Jefferies Financial Group reduced their price objective on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 26th. Raymond James Financial upped their target price on Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Finally, Piper Sandler lowered their target price on Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.25.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.