Federated Hermes Inc. Has $29.96 Million Position in Marathon Petroleum Corporation (NYSE:MPC)

Federated Hermes Inc. increased its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,611 shares of the oil and gas company's stock after acquiring an additional 2,974 shares during the period. Federated Hermes Inc. owned approximately 0.07% of Marathon Petroleum worth $29,956,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Meeder Advisory Services Inc. increased its holdings in shares of Marathon Petroleum by 5.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 12,364 shares of the oil and gas company's stock worth $1,801,000 after acquiring an additional 665 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Marathon Petroleum by 34.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,669 shares of the oil and gas company's stock worth $680,000 after acquiring an additional 1,188 shares during the period. Fielder Capital Group LLC increased its holdings in shares of Marathon Petroleum by 12.0% in the 1st quarter. Fielder Capital Group LLC now owns 2,070 shares of the oil and gas company's stock worth $302,000 after acquiring an additional 221 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Marathon Petroleum by 5.2% in the 1st quarter. Mackenzie Financial Corp now owns 38,950 shares of the oil and gas company's stock worth $5,675,000 after acquiring an additional 1,923 shares during the period. Finally, Sunpointe LLC increased its stake in Marathon Petroleum by 5.1% during the 1st quarter. Sunpointe LLC now owns 1,681 shares of the oil and gas company's stock valued at $245,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Trading Down 2.8%

Shares of MPC traded down $4.72 during midday trading on Friday, hitting $165.47. The stock had a trading volume of 1,385,293 shares, compared to its average volume of 1,970,498. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $183.10. The business has a 50-day simple moving average of $168.69 and a two-hundred day simple moving average of $153.16. The firm has a market cap of $50.83 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 2.91 and a beta of 0.90. 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 (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. During the same period last year, the company posted $2.58 earnings per share. The business's revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, August 20th. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Wall Street Analysts Forecast Growth

MPC has been the topic of several research analyst reports. UBS Group raised their target price on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Morgan Stanley raised their target price on shares of Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Raymond James Financial reissued an "outperform" rating and set a $200.00 target price (up previously from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th. Mizuho raised their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Citigroup raised their target price on shares of Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Marathon Petroleum presently has an average rating of "Hold" and a consensus target price of $183.93.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the transaction, the director directly owned 18,944 shares in the company, valued at $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently 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.