Field & Main Bank Grows Position in Marathon Petroleum Co. (NYSE:MPC)

Field & Main Bank raised its stake in Marathon Petroleum Co. (NYSE:MPC) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,690 shares of the oil and gas company’s stock after acquiring an additional 150 shares during the period. Field & Main Bank’s holdings in Marathon Petroleum were worth $399,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MPC. Northern Trust Corp lifted its position in shares of Marathon Petroleum by 1.0% in the third quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock worth $685,088,000 after buying an additional 43,989 shares in the last quarter. Raymond James & Associates increased its stake in Marathon Petroleum by 2.4% in the 4th quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company’s stock worth $608,581,000 after acquiring an additional 96,753 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Marathon Petroleum by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,746,614 shares of the oil and gas company’s stock valued at $415,673,000 after acquiring an additional 36,987 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Marathon Petroleum by 8.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,341,364 shares of the oil and gas company’s stock valued at $347,365,000 after purchasing an additional 178,502 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Marathon Petroleum by 0.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,179,623 shares of the oil and gas company’s stock worth $329,864,000 after purchasing an additional 11,622 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 1.1 %

Shares of NYSE:MPC traded up $2.12 during trading on Monday, reaching $200.51. 2,013,808 shares of the company were exchanged, compared to its average volume of 2,747,998. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The firm has a market capitalization of $72.25 billion, a PE ratio of 8.52, a P/E/G ratio of 1.61 and a beta of 1.52. The business’s fifty day simple moving average is $193.00 and its 200-day simple moving average is $167.44. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping the consensus estimate of $2.21 by $1.77. The business had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $6.65 EPS. On average, research analysts anticipate that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be paid a $0.825 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.65%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now directly owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on MPC. Bank of America lifted their price objective on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Raymond James upped their price objective on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Company boosted their target price on Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Barclays raised their price target on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Piper Sandler increased their target price on shares of Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.77.

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.