Marathon Petroleum Co. (NYSE:MPC) Shares Bought by SVB Wealth LLC

SVB Wealth LLC boosted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,260 shares of the oil and gas company’s stock after purchasing an additional 910 shares during the period. SVB Wealth LLC’s holdings in Marathon Petroleum were worth $1,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in Marathon Petroleum by 1.1% in the fourth quarter. Morgan Stanley now owns 7,851,320 shares of the oil and gas company’s stock valued at $913,815,000 after buying an additional 85,809 shares in the last quarter. Northern Trust Corp increased its holdings in Marathon Petroleum by 1.0% in the third quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock valued at $685,088,000 after buying an additional 43,989 shares in the last quarter. Raymond James & Associates increased its holdings in Marathon Petroleum by 2.4% in the fourth quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company’s stock valued at $608,581,000 after buying an additional 96,753 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Marathon Petroleum by 121,130.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,942,426 shares of the oil and gas company’s stock worth $458,859,000 after purchasing an additional 3,939,174 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth about $453,190,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 3.7 %

Shares of NYSE MPC opened at $195.01 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The stock has a market cap of $70.27 billion, a PE ratio of 8.29, a P/E/G ratio of 1.92 and a beta of 1.52. The company has a 50-day moving average of $188.96 and a 200 day moving average of $164.59. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.21 by $1.77. The company 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%. Marathon Petroleum’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $6.65 EPS. As a group, sell-side analysts predict that Marathon Petroleum Co. will post 17.57 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a $0.825 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 annualized dividend and a yield of 1.69%. Marathon Petroleum’s payout ratio is 14.02%.

Insider Buying and Selling at Marathon Petroleum

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MPC. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Mizuho boosted their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Scotiabank boosted their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Piper Sandler boosted their target price on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

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.