Rockefeller Capital Management L.P. Has $30.74 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Rockefeller Capital Management L.P. lifted its position in Marathon Petroleum Co. (NYSE:MPC) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 220,144 shares of the oil and gas company’s stock after purchasing an additional 10,663 shares during the period. Rockefeller Capital Management L.P.’s holdings in Marathon Petroleum were worth $30,736,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In other news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Evan Bayh bought 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $123.29 on Monday. The stock has a market capitalization of $38.41 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $210.80. The firm has a 50 day moving average of $143.65 and a 200-day moving average of $148.71. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

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

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is presently 36.66%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MPC shares. Raymond James reduced their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company reduced their price objective on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday. Mizuho lowered their price objective on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler reduced their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Scotiabank lowered their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $177.21.

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.