Hsbc Holdings PLC increased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 775,534 shares of the oil and gas company's stock after purchasing an additional 11,702 shares during the quarter. Hsbc Holdings PLC owned 0.24% of Marathon Petroleum worth $107,845,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its holdings in shares of Marathon Petroleum by 13.3% in the 3rd quarter. Virtu Financial LLC now owns 4,373 shares of the oil and gas company's stock worth $712,000 after purchasing an additional 515 shares during the last quarter. Tudor Financial Inc. bought a new stake in Marathon Petroleum in the third quarter valued at $823,000. Stock Yards Bank & Trust Co. boosted its holdings in shares of Marathon Petroleum by 1.0% during the third quarter. Stock Yards Bank & Trust Co. now owns 12,038 shares of the oil and gas company's stock valued at $1,961,000 after acquiring an additional 116 shares during the period. World Investment Advisors LLC grew its position in shares of Marathon Petroleum by 4,227.5% during the third quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company's stock worth $11,364,000 after acquiring an additional 68,147 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings 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 worth $3,466,000 after acquiring an additional 18,764 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.
Insider Activity
In related news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price 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 disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.
Marathon Petroleum Trading Up 2.4 %
Shares of MPC opened at $134.52 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $201.36. The stock has a market capitalization of $41.91 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.11 and a beta of 1.04. The business's 50-day moving average price is $139.47 and its 200 day moving average price is $146.76.
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 earnings per share (EPS) 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 business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same quarter in the previous year, the business earned $3.98 earnings per share. The firm's revenue was down 9.1% compared to the same quarter last year. Analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.
Marathon Petroleum Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.71%. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.
Analyst Upgrades and Downgrades
MPC has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Barclays decreased their price objective on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Scotiabank cut their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Raymond James cut their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $175.79.
Check Out Our Latest Stock Report on Marathon Petroleum
About Marathon Petroleum
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Co. (NYSE:MPC - Free Report).
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