TD Waterhouse Canada Inc. Increases Position in Marathon Petroleum Co. (NYSE:MPC)

TD Waterhouse Canada Inc. grew its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,912 shares of the oil and gas company’s stock after purchasing an additional 105 shares during the period. TD Waterhouse Canada Inc.’s holdings in Marathon Petroleum were worth $685,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MPC. Virtu Financial LLC raised its position in Marathon Petroleum by 13.3% in the 3rd quarter. Virtu Financial LLC now owns 4,373 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 515 shares during the period. Tudor Financial Inc. purchased a new stake in shares of Marathon Petroleum during the third quarter valued at approximately $823,000. Stock Yards Bank & Trust Co. grew its holdings in shares of Marathon Petroleum by 1.0% in the third quarter. Stock Yards Bank & Trust Co. now owns 12,038 shares of the oil and gas company’s stock worth $1,961,000 after purchasing an additional 116 shares during the last quarter. World Investment Advisors LLC increased its stake in shares of Marathon Petroleum by 4,227.5% in the third quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company’s stock worth $11,364,000 after buying an additional 68,147 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its position in Marathon Petroleum by 747.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company’s stock valued at $3,466,000 after buying an additional 18,764 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ricky D. Hessling bought 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports 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. Barclays dropped their price target on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Piper Sandler decreased their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $174.21.

Marathon Petroleum Price Performance

MPC opened at $137.60 on Friday. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $201.36. The stock has a 50-day moving average price of $138.67 and a 200-day moving average price of $146.36. The firm has a market cap of $42.87 billion, a PE ratio of 13.86, a P/E/G ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

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

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

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.