Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 173,830 shares of the oil and gas company's stock after purchasing an additional 6,159 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Marathon Petroleum worth $24,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MPC. Empirical Asset Management LLC grew its holdings in shares of Marathon Petroleum by 37.4% in the fourth quarter. Empirical Asset Management LLC now owns 6,213 shares of the oil and gas company's stock valued at $867,000 after purchasing an additional 1,691 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Marathon Petroleum by 103.0% in the fourth quarter. Merit Financial Group LLC now owns 7,936 shares of the oil and gas company's stock valued at $1,107,000 after purchasing an additional 4,026 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Marathon Petroleum by 8.9% in the fourth quarter. HB Wealth Management LLC now owns 22,907 shares of the oil and gas company's stock valued at $3,189,000 after purchasing an additional 1,872 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of Marathon Petroleum by 6.0% in the fourth quarter. Grove Bank & Trust now owns 2,691 shares of the oil and gas company's stock valued at $375,000 after purchasing an additional 153 shares in the last quarter. Finally, City Holding Co. lifted its stake in Marathon Petroleum by 1.0% in the fourth quarter. City Holding Co. now owns 13,142 shares of the oil and gas company's stock worth $1,833,000 after acquiring an additional 129 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Stock Down 0.7%

Shares of NYSE:MPC opened at $164.07 on Monday. The company has a market capitalization of $50.40 billion, a PE ratio of 16.52, a P/E/G ratio of 3.11 and a beta of 0.87. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31. The firm has a 50 day simple moving average of $139.76 and a 200-day simple moving average of $145.57.

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) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the previous year, the firm earned $2.58 EPS. The company's revenue was down 4.1% compared to the same quarter last year. On average, equities analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.22%. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MPC shares. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Barclays lifted their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. TD Cowen lifted their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Mizuho lifted their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Raymond James decreased their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $175.29.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 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 transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now owns 12,162 shares in the company, valued at $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. 0.21% of the stock is owned by insiders.

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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