Scotia Capital Inc. Has $769,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Scotia Capital Inc. reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 36.2% in the 4th quarter, Holdings Channel reports. The firm owned 5,513 shares of the oil and gas company’s stock after selling 3,126 shares during the period. Scotia Capital Inc.’s holdings in Marathon Petroleum were worth $769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC boosted its stake in Marathon Petroleum by 13.3% in the third quarter. Virtu Financial LLC now owns 4,373 shares of the oil and gas company’s stock valued at $712,000 after buying an additional 515 shares in the last quarter. Tudor Financial Inc. acquired a new stake in shares of Marathon Petroleum in the 3rd quarter valued at approximately $823,000. Stock Yards Bank & Trust Co. grew its holdings in shares of 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 increased its position in Marathon Petroleum by 4,227.5% during the 3rd quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company’s stock worth $11,364,000 after purchasing an additional 68,147 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake 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 valued at $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.

Marathon Petroleum Price Performance

MPC stock opened at $123.29 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a market cap of $38.41 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 3.11 and a beta of 1.04. The company’s fifty day simple moving average is $143.65 and its 200 day simple moving average is $148.71. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $210.80.

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

Marathon Petroleum Announces Dividend

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

Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling purchased 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Raymond James lowered their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday. Mizuho dropped their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Piper Sandler cut their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.21.

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.