AGF Management Ltd. Has $938,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

AGF Management Ltd. cut its stake in Marathon Petroleum Co. (NYSE:MPC) by 97.4% in the fourth quarter, HoldingsChannel reports. The fund owned 6,727 shares of the oil and gas company’s stock after selling 253,152 shares during the period. AGF Management Ltd.’s holdings in Marathon Petroleum were worth $938,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Gladius Capital Management LP acquired a new position in Marathon Petroleum during the 3rd quarter worth $26,000. True Wealth Design LLC raised its position in shares of Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 148 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at $27,000. Darwin Wealth Management LLC bought a new position in Marathon Petroleum in the third quarter valued at about $33,000. Finally, Asset Planning Inc bought a new stake in Marathon Petroleum during the 4th quarter worth about $28,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % 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 Stock Up 3.1 %

Marathon Petroleum stock opened at $141.23 on Friday. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. 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 50 day moving average of $148.36 and a 200-day moving average of $153.17. The stock has a market capitalization of $44.15 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.98 EPS. On average, equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

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.