Ossiam Makes New Investment in Marathon Petroleum Co. (NYSE:MPC)

Ossiam acquired a new stake in Marathon Petroleum Co. (NYSE:MPC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 31,184 shares of the oil and gas company’s stock, valued at approximately $4,350,000.

Other hedge funds have also bought and sold shares of the company. SWS Partners raised its position in shares of Marathon Petroleum by 19.0% in the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock worth $2,452,000 after acquiring an additional 2,806 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Marathon Petroleum by 1,204.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock worth $75,757,000 after purchasing an additional 501,441 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Marathon Petroleum by 747.3% in the third 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 in the last quarter. Greatmark Investment Partners Inc. lifted its stake in Marathon Petroleum by 3.5% in the fourth quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock valued at $22,483,000 after buying an additional 5,476 shares during the period. Finally, TCTC Holdings LLC boosted its holdings in shares of Marathon Petroleum by 3.3% during the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock worth $12,730,000 after buying an additional 2,892 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Evan Bayh bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the topic of several research analyst reports. Barclays cut their target price on shares of Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Scotiabank reduced their target price on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. 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 note on Friday, April 11th. Finally, Piper Sandler lowered their target price on 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average price target of $175.79.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $127.55 on Friday. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $201.36. The company has a market cap of $39.74 billion, a P/E ratio of 12.85, a P/E/G ratio of 3.11 and a beta of 1.04. The firm has a 50-day moving average of $140.81 and a 200-day moving average of $147.46. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

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, beating the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same quarter last year, the business posted $3.98 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.85%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

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.