Counterpoint Mutual Funds LLC Grows Stake in Marathon Petroleum Co. (NYSE:MPC)

Counterpoint Mutual Funds LLC lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 55.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,084 shares of the oil and gas company’s stock after buying an additional 741 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Marathon Petroleum were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MPC. Wellington Management Group LLP boosted its holdings in shares of Marathon Petroleum by 342.1% in the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company’s stock worth $911,274,000 after acquiring an additional 4,328,470 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Marathon Petroleum by 7.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company’s stock worth $670,151,000 after acquiring an additional 315,786 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company’s stock worth $495,595,000 after acquiring an additional 647,045 shares during the period. Amundi boosted its holdings in shares of Marathon Petroleum by 18.0% in the fourth quarter. Amundi now owns 2,807,566 shares of the oil and gas company’s stock worth $398,388,000 after acquiring an additional 428,708 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Marathon Petroleum by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,485,925 shares of the oil and gas company’s stock worth $346,787,000 after acquiring an additional 67,913 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Down 0.1 %

Shares of NYSE:MPC opened at $146.00 on Wednesday. The stock’s 50-day moving average price is $148.56 and its 200-day moving average price is $152.54. 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 $45.48 billion, a P/E ratio of 14.70, 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 announced its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $31.94 billion. During the same period last year, the firm earned $3.98 earnings per share. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed 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 was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.49%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 36.66%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MPC. TD Cowen reaffirmed a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Piper Sandler lowered their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. 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. Finally, Wells Fargo & Company increased their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.13.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Evan Bayh bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now directly 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. 0.21% of the stock is owned by 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.