Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in Marathon Petroleum Co. (NYSE:MPC) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 234,763 shares of the oil and gas company’s stock after purchasing an additional 1,514 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Marathon Petroleum worth $32,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. OLD Second National Bank of Aurora grew its holdings in Marathon Petroleum by 7.2% during the fourth quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock worth $139,000 after acquiring an additional 67 shares during the period. Nixon Peabody Trust Co. grew its holdings in Marathon Petroleum by 3.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock worth $288,000 after acquiring an additional 68 shares during the period. Lake Street Advisors Group LLC grew its holdings in Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock worth $596,000 after acquiring an additional 69 shares during the period. American Trust grew its holdings in Marathon Petroleum by 5.3% during the third quarter. American Trust now owns 1,397 shares of the oil and gas company’s stock worth $228,000 after acquiring an additional 70 shares during the period. Finally, DT Investment Partners LLC grew its holdings in Marathon Petroleum by 21.5% during the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Mizuho lowered their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. TD Cowen reissued a “buy” rating and issued a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Raymond James upped their target price on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company upped their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $182.13.

Marathon Petroleum Stock Performance

NYSE MPC opened at $141.23 on Monday. The business’s 50-day moving average price is $148.36 and its 200 day moving average price is $152.93. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a market capitalization of $44.00 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. 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 (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the prior year, the business posted $3.98 earnings per share. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.58%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

Insider Transactions at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.