Stevens Capital Management LP Makes New $473,000 Investment in Marathon Petroleum Co. (NYSE:MPC)

Stevens Capital Management LP purchased a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,391 shares of the oil and gas company's stock, valued at approximately $473,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SWS Partners grew its holdings in Marathon Petroleum by 19.0% during the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock valued at $2,452,000 after buying an additional 2,806 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Marathon Petroleum by 1,204.8% during the fourth 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 in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Marathon Petroleum by 747.3% during 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. Greatmark Investment Partners Inc. boosted its holdings in Marathon Petroleum by 3.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock valued at $22,483,000 after purchasing an additional 5,476 shares during the period. Finally, TCTC Holdings LLC grew its position in shares of Marathon Petroleum by 3.3% during the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock valued at $12,730,000 after purchasing an additional 2,892 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on MPC. Mizuho lowered their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. TD Cowen reissued a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Barclays raised their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average price target of $180.21.

Marathon Petroleum Trading Down 2.2 %

Marathon Petroleum stock traded down $3.30 during trading hours on Friday, reaching $144.05. The company had a trading volume of 1,689,079 shares, compared to its average volume of 2,647,085. The firm has a market cap of $44.88 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a 50-day moving average price of $148.74 and a 200 day moving average price of $151.59.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion for 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 company's revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.98 EPS. Equities analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed 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 was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.53%. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Insider Activity

In other news, 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 price of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This represents 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.

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.