HM Payson & Co. Grows Holdings in Marathon Petroleum Corporation (NYSE:MPC)

HM Payson & Co. grew its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,995 shares of the oil and gas company's stock after buying an additional 20,049 shares during the period. HM Payson & Co. owned approximately 0.12% of Marathon Petroleum worth $54,196,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MPC. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at $26,000. Decker Retirement Planning Inc. boosted its stake in shares of Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 227 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the 1st quarter valued at $35,000. OFI Invest Asset Management purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at $44,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Analyst Ratings Changes

MPC has been the subject of a number of research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Marathon Petroleum in a research note on Monday. Morgan Stanley cut their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. TD Cowen upped their price objective on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Evercore ISI started coverage on shares of Marathon Petroleum in a research report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target for the company. Finally, Piper Sandler dropped 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average price target of $176.13.

Marathon Petroleum Trading Down 1.4%

Shares of MPC opened at $172.01 on Friday. The firm's 50-day moving average price is $159.64 and its 200-day moving average price is $148.32. The firm has a market capitalization of $52.84 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.46 and a beta of 0.88. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company'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 EPS. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

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.

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