Cary Street Partners Financial LLC Buys New Holdings in Marathon Petroleum Co. (NYSE:MPC)

Cary Street Partners Financial LLC bought a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,723 shares of the oil and gas company's stock, valued at approximately $1,077,000.

Several other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Marathon Petroleum by 78.1% during the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after acquiring an additional 4,367,774 shares in the last quarter. Demars Financial Group LLC raised its holdings in Marathon Petroleum by 16,338.3% in the 4th quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock worth $582,710,000 after acquiring an additional 4,151,722 shares during the last quarter. Norges Bank purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $453,427,000. Boston Partners grew its holdings in shares of Marathon Petroleum by 37.4% in the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after acquiring an additional 935,042 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock worth $495,595,000 after buying an additional 647,045 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

Insiders Place Their Bets

In other news, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. The trade was a 1.46 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now 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. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Stock Up 0.6 %

NYSE MPC traded up $0.93 during trading on Friday, reaching $150.90. 1,567,499 shares of the company's stock traded hands, compared to its average volume of 2,715,780. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31. 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 firm has a market cap of $46.36 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The company's 50 day simple moving average is $137.10 and its two-hundred day simple moving average is $145.10.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. Marathon Petroleum's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.58 earnings per share. As a group, sell-side analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's payout ratio is currently 51.20%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MPC shares. Barclays cut their target price on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company dropped their target price on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Piper Sandler lowered their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Raymond James lowered their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Finally, Scotiabank cut their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $172.93.

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.