HM Payson & Co. Decreases Stake in Marathon Petroleum Corporation $MPC

HM Payson & Co. lowered its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 315,988 shares of the oil and gas company’s stock after selling 4,958 shares during the quarter. HM Payson & Co. owned 0.10% of Marathon Petroleum worth $60,904,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Concord Asset Management LLC VA purchased a new stake in Marathon Petroleum during the second quarter worth $412,000. Los Angeles Capital Management LLC increased its position in shares of Marathon Petroleum by 459.5% in the second quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock valued at $31,556,000 after buying an additional 156,019 shares in the last quarter. FSM Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth $685,000. Greatmark Investment Partners Inc. grew its stake in Marathon Petroleum by 2.9% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 168,603 shares of the oil and gas company’s stock valued at $28,007,000 after acquiring an additional 4,820 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in Marathon Petroleum by 17.8% during the 2nd quarter. Brookstone Capital Management now owns 10,687 shares of the oil and gas company’s stock valued at $1,775,000 after acquiring an additional 1,617 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of several research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price target on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Barclays upped their price objective on Marathon Petroleum from $194.00 to $202.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, UBS Group upped their target price on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a report on Friday, September 26th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $203.07.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $163.72 on Monday. The business has a fifty day simple moving average of $187.86 and a 200-day simple moving average of $180.30. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $202.29. The company has a market cap of $49.21 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.86 and a beta of 0.72. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The company had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. Equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were given a $1.00 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Marathon Petroleum’s dividend payout ratio is 42.64%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.