Stevens Capital Management LP Takes $473,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Stevens Capital Management LP acquired a new stake in Marathon Petroleum Co. (NYSE:MPC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,391 shares of the oil and gas company’s stock, valued at approximately $473,000.

Other hedge funds have also made changes to their positions in the company. SWS Partners grew its stake in Marathon Petroleum by 19.0% during the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock worth $2,452,000 after buying an additional 2,806 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Marathon Petroleum by 1,204.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock worth $75,757,000 after buying an additional 501,441 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Marathon Petroleum by 747.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company’s stock worth $3,466,000 after buying an additional 18,764 shares during the last quarter. Greatmark Investment Partners Inc. grew its stake in Marathon Petroleum by 3.5% during 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 buying an additional 5,476 shares during the last quarter. Finally, TCTC Holdings LLC grew its stake in Marathon Petroleum by 3.3% during the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock worth $12,730,000 after buying an additional 2,892 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 1.5 %

MPC opened at $149.62 on Monday. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The stock has a market capitalization of $46.61 billion, a P/E ratio of 15.07, a P/E/G ratio of 3.11 and a beta of 1.39. The business has a 50 day simple moving average of $149.04 and a 200-day simple moving average of $152.03. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $31.94 billion. During the same period last year, the business posted $3.98 EPS. Marathon Petroleum’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.43%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s payout ratio is currently 36.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James raised their price target on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 17th. Wells Fargo & Company increased their price objective on Marathon Petroleum from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays increased their price objective on Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $180.21.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Evan Bayh purchased 1,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company 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.