Rosenberg Matthew Hamilton Decreases Holdings in Marathon Petroleum Co. (NYSE:MPC)

Rosenberg Matthew Hamilton reduced its position in Marathon Petroleum Co. (NYSE:MPCFree Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,558 shares of the oil and gas company’s stock after selling 84 shares during the period. Rosenberg Matthew Hamilton’s holdings in Marathon Petroleum were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Granite Bay Wealth Management LLC grew its stake in shares of Marathon Petroleum by 7.2% during the 4th quarter. Granite Bay Wealth Management LLC now owns 30,377 shares of the oil and gas company’s stock valued at $4,238,000 after purchasing an additional 2,049 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Marathon Petroleum by 154.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 5,695 shares of the oil and gas company’s stock worth $794,000 after buying an additional 3,460 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in Marathon Petroleum during the fourth quarter valued at approximately $1,042,000. Burns J W & Co. Inc. NY increased its holdings in Marathon Petroleum by 8.4% during the fourth quarter. Burns J W & Co. Inc. NY now owns 6,560 shares of the oil and gas company’s stock valued at $915,000 after buying an additional 510 shares during the last quarter. Finally, Kwmg LLC raised its position in Marathon Petroleum by 4.7% in the fourth quarter. Kwmg LLC now owns 38,228 shares of the oil and gas company’s stock worth $5,333,000 after acquiring an additional 1,714 shares during the period. Institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In related news, Director Jeffrey C. Campbell bought 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was acquired at an average cost of $149.61 per share, with a total value of $897,660.00. Following the purchase, the director now directly owns 6,090 shares of the company’s stock, valued at $911,124.90. The trade was a 6,666.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MPC shares. Bank of America began coverage on Marathon Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price objective for the company. BMO Capital Markets decreased their price objective on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Citigroup cut their price objective on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company decreased their target price on shares of Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Mizuho reduced their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $183.73.

Read Our Latest Stock Analysis on MPC

Marathon Petroleum Stock Up 3.2 %

Shares of MPC opened at $146.83 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $47.19 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 2.56 and a beta of 1.42. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The stock’s 50-day moving average price is $147.88 and its 200-day moving average price is $159.74.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.90. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The firm had revenue of $35.37 billion during the quarter, compared to the consensus estimate of $34.34 billion. During the same quarter in the prior year, the firm earned $8.14 EPS. The company’s revenue for the quarter was down 14.9% on a year-over-year basis. On average, sell-side analysts predict that Marathon Petroleum Co. will post 9.47 EPS for the current year.

Marathon Petroleum declared that its board has authorized a stock repurchase plan on Tuesday, November 5th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.91 per share. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, November 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.48%. Marathon Petroleum’s dividend payout ratio is presently 28.84%.

Marathon Petroleum Profile

(Free Report)

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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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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