Mattson Financial Services LLC Has $34,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Mattson Financial Services LLC lowered its stake in Marathon Petroleum Co. (NYSE:MPC) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245 shares of the oil and gas company’s stock after selling 142 shares during the period. Mattson Financial Services LLC’s holdings in Marathon Petroleum were worth $34,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SWS Partners boosted its position in Marathon Petroleum by 19.0% in the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock valued at $2,452,000 after buying an additional 2,806 shares in the last quarter. Greatmark Investment Partners Inc. lifted its holdings in shares of Marathon Petroleum by 3.5% during the fourth quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock worth $22,483,000 after purchasing an additional 5,476 shares during the period. TCTC Holdings LLC lifted its holdings in shares of Marathon Petroleum by 3.3% during the fourth quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock worth $12,730,000 after purchasing an additional 2,892 shares during the period. Cambridge Financial Group Inc. acquired a new position in shares of Marathon Petroleum during the fourth quarter worth $5,624,000. Finally, Principal Securities Inc. lifted its holdings in shares of Marathon Petroleum by 10.3% during the fourth quarter. Principal Securities Inc. now owns 5,550 shares of the oil and gas company’s stock worth $774,000 after purchasing an additional 516 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 2.4%

MPC opened at $158.44 on Thursday. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market cap of $48.67 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The company has a fifty day moving average price of $142.15 and a two-hundred day moving average price of $146.17.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The business’s revenue was down 4.1% compared to the same quarter last year. Analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio (DPR) is currently 51.20%.

Wall Street Analyst Weigh In

MPC has been the topic of a number of recent research reports. Scotiabank cut 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, April 11th. Morgan Stanley cut their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Raymond James dropped their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Finally, Barclays boosted their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $175.29.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. The trade was a 19.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Evan Bayh bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

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.