Greatmark Investment Partners Inc. Grows Position in Marathon Petroleum Co. (NYSE:MPC)

Greatmark Investment Partners Inc. increased its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,171 shares of the oil and gas company's stock after purchasing an additional 5,476 shares during the quarter. Marathon Petroleum makes up 3.1% of Greatmark Investment Partners Inc.'s portfolio, making the stock its 10th biggest position. Greatmark Investment Partners Inc. owned 0.05% of Marathon Petroleum worth $22,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MPC. Wellington Management Group LLP grew its position in shares of Marathon Petroleum by 342.1% during the 3rd quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company's stock worth $911,274,000 after buying an additional 4,328,470 shares during the period. Bank of New York Mellon Corp grew its holdings in Marathon Petroleum by 7.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company's stock worth $670,151,000 after acquiring an additional 315,786 shares during the period. Pacer Advisors Inc. raised its position in shares of Marathon Petroleum by 22.3% during the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after acquiring an additional 647,045 shares during the last quarter. Amundi lifted its stake in shares of Marathon Petroleum by 18.0% in the 4th quarter. Amundi now owns 2,807,566 shares of the oil and gas company's stock valued at $398,388,000 after purchasing an additional 428,708 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Marathon Petroleum by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,485,925 shares of the oil and gas company's stock worth $346,787,000 after purchasing an additional 67,913 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

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Analyst Ratings Changes

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

Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Bayh bought 1,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was purchased 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 of the company's stock, valued at $9,266,078.50. The trade was a 1.46 % 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 Stock Down 0.1 %

Shares of NYSE MPC traded down $0.16 during trading hours on Tuesday, hitting $146.00. The company had a trading volume of 2,797,798 shares, compared to its average volume of 2,476,660. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm's 50 day moving average is $148.56 and its 200-day moving average is $152.54. The stock has a market capitalization of $45.48 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

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 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.98 EPS. On average, analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.49%. Marathon Petroleum's dividend payout ratio is 36.66%.

About Marathon Petroleum

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.