Amalgamated Bank Trims Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Amalgamated Bank trimmed its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,201 shares of the oil and gas company's stock after selling 4,489 shares during the period. Amalgamated Bank's holdings in Marathon Petroleum were worth $8,677,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MPC. DekaBank Deutsche Girozentrale lifted its stake in shares of Marathon Petroleum by 3.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 149,014 shares of the oil and gas company's stock worth $24,313,000 after buying an additional 5,133 shares in the last quarter. Inscription Capital LLC lifted its stake in shares of Marathon Petroleum by 8.5% in the third quarter. Inscription Capital LLC now owns 3,340 shares of the oil and gas company's stock worth $544,000 after buying an additional 261 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in shares of Marathon Petroleum by 10.6% in the third quarter. Hunter Associates Investment Management LLC now owns 3,005 shares of the oil and gas company's stock worth $491,000 after buying an additional 287 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Marathon Petroleum by 34.0% in the third quarter. Pallas Capital Advisors LLC now owns 2,235 shares of the oil and gas company's stock worth $342,000 after buying an additional 567 shares in the last quarter. Finally, Smith Group Asset Management LLC lifted its stake in shares of Marathon Petroleum by 1.3% in the third quarter. Smith Group Asset Management LLC now owns 72,284 shares of the oil and gas company's stock worth $11,776,000 after buying an additional 951 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jeffrey C. Campbell purchased 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $149.61 per share, for a total transaction of $897,660.00. Following the completion of the purchase, the director now directly owns 6,090 shares of the company's stock, valued at $911,124.90. The trade was a 6,666.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Up 1.4 %

Shares of MPC stock traded up $2.09 during trading on Friday, reaching $150.07. The company's stock had a trading volume of 3,007,752 shares, compared to its average volume of 2,829,086. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a market capitalization of $48.23 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 3.11 and a beta of 1.41. The stock's 50-day moving average price is $148.15 and its 200 day moving average price is $155.76. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11.

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

Marathon Petroleum declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 5th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the oil and gas company to reacquire up to 10% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is currently 36.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MPC shares. Barclays cut their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Mizuho cut their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen restated a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price objective 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $181.27.

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.