Kohmann Bosshard Financial Services LLC Invests $27,000 in Marathon Petroleum Co. (NYSE:MPC)

Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 192 shares of the oil and gas company’s stock, valued at approximately $27,000.

Other institutional investors have also modified their holdings of the company. Gladius Capital Management LP purchased a new stake in shares of Marathon Petroleum during the 3rd quarter worth about $26,000. MeadowBrook Investment Advisors LLC grew its holdings in shares of Marathon Petroleum by 88.9% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 80 shares during the period. True Wealth Design LLC grew its holdings in shares of Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 148 shares during the period. Asset Planning Inc purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth about $28,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Marathon Petroleum during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey C. Campbell acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was purchased at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the purchase, the director now directly owns 6,090 shares in the company, valued at $911,124.90. This represents a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MPC has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Barclays reduced their price target on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Raymond James boosted their price target on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Finally, TD Cowen reissued a “buy” rating and set a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $181.27.

Marathon Petroleum Stock Performance

MPC stock opened at $145.75 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a market cap of $46.84 billion, a P/E ratio of 14.68, a P/E/G ratio of 3.11 and a beta of 1.41. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11. The stock’s 50 day simple moving average is $148.39 and its 200 day simple moving average is $155.21.

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

Marathon Petroleum declared that its board has initiated a stock buyback program on Tuesday, November 5th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to buy up to 10% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

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.