Cibc World Markets Corp Has $31.24 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Cibc World Markets Corp raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 382.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,913 shares of the oil and gas company's stock after purchasing an additional 177,480 shares during the quarter. Cibc World Markets Corp owned 0.07% of Marathon Petroleum worth $31,236,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. SWS Partners lifted its holdings 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 purchasing an additional 2,806 shares during the last quarter. Assenagon Asset Management S.A. raised its position 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 valued at $75,757,000 after acquiring an additional 501,441 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Marathon Petroleum by 747.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock valued at $3,466,000 after purchasing an additional 18,764 shares during the last quarter. Greatmark Investment Partners Inc. boosted its position in 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. Finally, World Investment Advisors LLC boosted its position in shares of Marathon Petroleum by 4,227.5% in the third quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company's stock valued at $11,364,000 after acquiring an additional 68,147 shares during the period. Institutional investors own 76.77% of the company's stock.

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Marathon Petroleum Price Performance

Shares of NYSE:MPC traded up $2.09 during midday trading on Wednesday, reaching $148.09. The company's stock had a trading volume of 577,054 shares, compared to its average volume of 2,469,199. 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 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 $46.14 billion, a P/E ratio of 14.91, a P/E/G ratio of 3.11 and a beta of 1.39. The business's fifty day simple moving average is $148.56 and its 200-day simple moving average is $152.54.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $31.94 billion. During the same quarter last year, the business earned $3.98 earnings per share. The company's revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen reissued a "buy" rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Barclays upped their target price on Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. Mizuho cut their target price on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, Wells Fargo & Company upped their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $182.13.

Insider Activity

In other news, insider Ricky D. Hessling bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Bayh purchased 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company insiders.

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.