HM Payson & Co. Lowers Holdings in Marathon Petroleum Co. (NYSE:MPC)

HM Payson & Co. decreased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 351,946 shares of the oil and gas company's stock after selling 94,471 shares during the period. HM Payson & Co. owned approximately 0.11% of Marathon Petroleum worth $49,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $2,468,000. Machina Capital S.A.S. acquired a new stake in shares of Marathon Petroleum during the fourth quarter valued at about $211,000. Aviance Capital Partners LLC raised its stake in shares of Marathon Petroleum by 19.5% during the fourth quarter. Aviance Capital Partners LLC now owns 2,834 shares of the oil and gas company's stock valued at $395,000 after acquiring an additional 463 shares during the last quarter. Edgestream Partners L.P. raised its position in Marathon Petroleum by 28.3% during the 4th quarter. Edgestream Partners L.P. now owns 21,162 shares of the oil and gas company's stock worth $2,952,000 after purchasing an additional 4,665 shares during the last quarter. Finally, Callan Family Office LLC acquired a new stake in Marathon Petroleum during the 4th quarter valued at approximately $374,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Activity

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction that occurred 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 purchase, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company's stock.

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Marathon Petroleum Stock Performance

Shares of NYSE MPC traded down $1.33 during mid-day trading on Monday, reaching $136.22. 2,326,146 shares of the company's stock were exchanged, compared to its average volume of 2,516,264. The firm has a market capitalization of $42.58 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The firm has a 50-day moving average price of $148.61 and a two-hundred day moving average price of $154.16. 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 52 week low of $130.54 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results 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. 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 for the quarter, compared to analysts' expectations of $31.94 billion. During the same period in the previous year, the company earned $3.98 earnings per share. The company's quarterly revenue was down 9.1% on a year-over-year basis. Analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Analyst Ratings Changes

MPC has been the subject of several recent analyst reports. 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. Barclays reduced their price target 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 lowered their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. TD Cowen reiterated a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Finally, Raymond James upped their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a report on Friday, January 17th. One investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.00.

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.