Marathon Petroleum Co. (NYSE:MPC) Stock Holdings Increased by Marino Stram & Associates LLC

Marino Stram & Associates LLC raised its stake in Marathon Petroleum Co. (NYSE:MPC) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,424 shares of the oil and gas company’s stock after purchasing an additional 60 shares during the quarter. Marino Stram & Associates LLC’s holdings in Marathon Petroleum were worth $1,695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPC. Acadian Asset Management LLC increased its stake in shares of Marathon Petroleum by 19.4% in the first quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock worth $479,000 after acquiring an additional 910 shares during the last quarter. Cibc World Market Inc. acquired a new position in Marathon Petroleum in the 1st quarter worth about $282,000. Vontobel Holding Ltd. increased its position in Marathon Petroleum by 1.6% in the 1st quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock worth $1,584,000 after purchasing an additional 293 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Marathon Petroleum by 25.1% during the 1st quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock valued at $7,800,000 after buying an additional 18,230 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Marathon Petroleum by 11.0% in the 1st quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock valued at $807,000 after buying an additional 937 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen raised their price objective on shares of Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Mizuho increased their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday. The Goldman Sachs Group boosted their price target on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company increased their price objective on Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Five investment 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 stock. According to MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $193.77.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the sale, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Performance

MPC stock traded down $3.59 during trading on Tuesday, reaching $203.43. 786,431 shares of the stock were exchanged, compared to its average volume of 2,853,964. The company has a market capitalization of $73.30 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 1.98 and a beta of 1.52. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The stock has a 50 day simple moving average of $187.05 and a 200-day simple moving average of $163.74.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $1.77. The firm had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.65 EPS. As a group, sell-side analysts anticipate that Marathon Petroleum Co. will post 17.53 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is 14.02%.

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.