Sienna Gestion Purchases 19,450 Shares of Marathon Petroleum Co. (NYSE:MPC)

Sienna Gestion grew its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 53.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,609 shares of the oil and gas company's stock after purchasing an additional 19,450 shares during the period. Sienna Gestion's holdings in Marathon Petroleum were worth $7,756,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MPC. Wellington Management Group LLP boosted its stake 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 valued at $911,274,000 after purchasing an additional 4,328,470 shares in the last quarter. ING Groep NV purchased a new position in Marathon Petroleum during the 3rd quarter valued at about $114,107,000. Pacer Advisors Inc. lifted its position in 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 period. National Bank of Canada FI lifted its position in Marathon Petroleum by 212.9% during the 3rd quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company's stock valued at $137,945,000 after acquiring an additional 576,119 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Marathon Petroleum by 1,204.8% during the 4th 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 during the period. Institutional investors own 76.77% of the company's stock.

Remove Ads

Marathon Petroleum Stock Performance

Shares of MPC stock traded down $0.16 during trading hours on Tuesday, reaching $146.00. The company had a trading volume of 2,797,798 shares, compared to its average volume of 2,475,507. The business has a fifty day moving average price of $148.48 and a 200-day moving average price of $152.76. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a market cap of $45.48 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.98 earnings per share. Sell-side analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

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

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Piper Sandler lowered their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Mizuho lowered their price target 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. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Raymond James lifted 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 research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.