Toronto Dominion Bank Acquires 6,159 Shares of Marathon Petroleum Co. (NYSE:MPC)

Toronto Dominion Bank increased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,830 shares of the oil and gas company's stock after acquiring 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 quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. SWS Partners grew its holdings in shares of Marathon Petroleum by 19.0% in the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock worth $2,452,000 after acquiring an additional 2,806 shares during the last quarter. Greatmark Investment Partners Inc. increased its stake 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 worth $22,483,000 after purchasing an additional 5,476 shares in the last quarter. TCTC Holdings LLC increased its stake in Marathon Petroleum by 3.3% in the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock worth $12,730,000 after purchasing an additional 2,892 shares in the last quarter. Cambridge Financial Group Inc. acquired a new stake in Marathon Petroleum during the 4th quarter worth about $5,624,000. Finally, Nilsine Partners LLC lifted its stake in Marathon Petroleum by 5.6% during the fourth quarter. Nilsine Partners LLC now owns 32,683 shares of the oil and gas company's stock valued at $4,559,000 after buying an additional 1,746 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Mizuho boosted 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. Wells Fargo & Company raised their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, TD Cowen boosted their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.29.

Marathon Petroleum Stock Up 0.8%

Shares of NYSE:MPC traded up $1.24 on Thursday, reaching $159.85. The company had a trading volume of 1,961,170 shares, compared to its average volume of 2,703,272. The stock has a market capitalization of $49.11 billion, a P/E ratio of 16.10, a P/E/G ratio of 3.11 and a beta of 0.87. The stock has a 50-day moving average price of $142.15 and a 200 day moving average price of $146.17. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results 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 return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same period in the previous year, the company earned $2.58 EPS. The company's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.28%. Marathon Petroleum's payout ratio is presently 51.20%.

Insider Buying and Selling

In related news, insider Ricky D. Hessling bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. The trade was a 19.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46% 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.

Marathon Petroleum Company 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.