AGF Management Ltd. Has $938,000 Position in Marathon Petroleum Co. (NYSE:MPC)

AGF Management Ltd. decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 97.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,727 shares of the oil and gas company's stock after selling 253,152 shares during the quarter. AGF Management Ltd.'s holdings in Marathon Petroleum were worth $938,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MPC. Gladius Capital Management LP acquired a new position in Marathon Petroleum during the third quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum during the fourth quarter worth $27,000. True Wealth Design LLC raised its position in Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 148 shares in the last quarter. Asset Planning Inc bought a new stake in Marathon Petroleum during the fourth quarter worth $28,000. Finally, Sierra Ocean LLC bought a new stake in Marathon Petroleum during the fourth quarter worth $31,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Insiders Place Their Bets

In related news, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

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Marathon Petroleum Stock Performance

Shares of MPC stock traded up $3.37 on Wednesday, hitting $149.37. The company's stock had a trading volume of 3,591,346 shares, compared to its average volume of 2,481,101. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The stock's 50 day moving average is $148.56 and its 200-day moving average is $152.54. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The company has a market capitalization of $46.53 billion, a PE ratio of 15.04, a PEG ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. Marathon Petroleum's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.98 earnings per share. Equities research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.44%. Marathon Petroleum's payout ratio is 36.66%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TD Cowen reaffirmed a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Barclays upped their price target on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Raymond James increased their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research report on Friday, January 17th. Finally, Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.13.

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.