TCTC Holdings LLC Has $12.73 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

TCTC Holdings LLC increased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,256 shares of the oil and gas company's stock after buying an additional 2,892 shares during the period. TCTC Holdings LLC's holdings in Marathon Petroleum were worth $12,730,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MPC. Gladius Capital Management LP bought a new stake in Marathon Petroleum in the 3rd quarter valued at $26,000. True Wealth Design LLC raised its stake in shares of Marathon Petroleum by 672.7% in the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after buying an additional 148 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $27,000. Darwin Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the 3rd quarter valued at $33,000. Finally, Asset Planning Inc acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $28,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Up 2.6 %

Marathon Petroleum stock traded up $3.84 during midday trading on Wednesday, hitting $149.84. 980,626 shares of the stock were exchanged, compared to its average volume of 2,470,891. The company has a fifty day simple moving average of $148.56 and a two-hundred day simple moving average of $152.54. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The stock has a market capitalization of $46.68 billion, a PE ratio of 15.07, a P/E/G ratio of 3.11 and a beta of 1.39. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

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Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm earned $3.98 EPS. Marathon Petroleum's quarterly revenue was down 9.1% compared to the same quarter last year. Equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Insiders Place Their Bets

In related news, Director Evan Bayh bought 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ricky D. Hessling bought 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now directly 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. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. 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 note on Friday, January 17th. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Mizuho dropped their target price 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. Finally, TD Cowen reiterated a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum currently has a consensus 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.