KKM Financial LLC Raises Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

KKM Financial LLC raised its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,970 shares of the oil and gas company’s stock after purchasing an additional 721 shares during the period. KKM Financial LLC’s holdings in Marathon Petroleum were worth $1,949,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. SWS Partners boosted its stake in Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock worth $2,452,000 after acquiring an additional 2,806 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Marathon Petroleum by 1,204.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock worth $75,757,000 after purchasing an additional 501,441 shares in the last quarter. Greatmark Investment Partners Inc. grew its stake in shares of Marathon Petroleum by 3.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock worth $22,483,000 after buying an additional 5,476 shares during the last quarter. TCTC Holdings LLC increased its position in Marathon Petroleum by 3.3% during the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock valued at $12,730,000 after buying an additional 2,892 shares in the last quarter. Finally, Cambridge Financial Group Inc. purchased a new position in Marathon Petroleum during the fourth quarter valued at $5,624,000. Institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their target price on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Piper Sandler decreased their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. TD Cowen increased their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday. Barclays decreased their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $172.93.

Marathon Petroleum Stock Up 0.6 %

MPC stock opened at $150.90 on Friday. The business’s 50-day moving average is $137.10 and its two-hundred day moving average is $145.10. The company has a market cap of $46.36 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter last year, the firm posted $2.58 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. As a group, analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.41%. Marathon Petroleum’s dividend payout ratio (DPR) is 51.20%.

Insider Buying and Selling

In other news, Director Evan Bayh purchased 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired 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 of the company’s stock, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is 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.