Thompson Siegel & Walmsley LLC Trims Stake in Marathon Petroleum Co. (NYSE:MPC)

Thompson Siegel & Walmsley LLC trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,324 shares of the oil and gas company’s stock after selling 112 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Marathon Petroleum were worth $2,835,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MPC. Gladius Capital Management LP bought a new stake in shares of Marathon Petroleum during the third quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum during the fourth quarter worth $27,000. True Wealth Design LLC lifted 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 purchasing an additional 148 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $28,000. Finally, Sierra Ocean LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $31,000. 76.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MPC has been the subject of several recent research reports. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Raymond James lifted 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. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. 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 report on Friday, March 7th. Finally, Barclays lifted their price objective on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.13.

Insider Transactions at Marathon Petroleum

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

Marathon Petroleum Price Performance

Shares of MPC stock opened at $141.23 on Friday. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The firm has a market capitalization of $44.15 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The stock’s 50-day simple moving average is $148.36 and its 200-day simple moving average is $153.17.

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

Marathon Petroleum Announces Dividend

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

About Marathon Petroleum

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.