Sfmg LLC Boosts Stake in Marathon Petroleum Co. (NYSE:MPC)

Sfmg LLC raised its position in Marathon Petroleum Co. (NYSE:MPC) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,573 shares of the oil and gas company’s stock after buying an additional 148 shares during the period. Sfmg LLC’s holdings in Marathon Petroleum were worth $530,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scissortail Wealth Management LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $7,208,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Marathon Petroleum by 10.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 291,696 shares of the oil and gas company’s stock worth $43,276,000 after purchasing an additional 28,076 shares during the last quarter. Desjardins Global Asset Management Inc. increased its stake in shares of Marathon Petroleum by 118.3% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 5,355 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 2,902 shares during the last quarter. Marino Stram & Associates LLC increased its stake in shares of Marathon Petroleum by 0.5% during the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after purchasing an additional 60 shares during the last quarter. Finally, SVB Wealth LLC increased its stake in shares of Marathon Petroleum by 8.8% during the 4th quarter. SVB Wealth LLC now owns 11,260 shares of the oil and gas company’s stock worth $1,671,000 after purchasing an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.7 %

MPC opened at $202.42 on Thursday. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The firm has a market capitalization of $72.94 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 1.94 and a beta of 1.52. The company has a fifty day moving average price of $188.46 and a 200-day moving average price of $164.38.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. During the same period in the previous year, the firm posted $6.65 EPS. The firm’s revenue was down 8.9% compared to the same quarter last year. Equities research analysts expect that Marathon Petroleum Co. will post 17.53 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

Wall Street Analysts Forecast Growth

MPC has been the subject of several analyst reports. Barclays raised their price objective on shares of Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Citigroup initiated coverage on shares of Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. Raymond James raised their price objective on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 31st. Mizuho raised their price objective on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Insider Transactions at Marathon Petroleum

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

Marathon Petroleum Company 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.