Fidelis Capital Partners LLC Acquires 265 Shares of Marathon Petroleum Co. (NYSE:MPC)

Fidelis Capital Partners LLC boosted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 9.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,956 shares of the oil and gas company’s stock after buying an additional 265 shares during the period. Fidelis Capital Partners LLC’s holdings in Marathon Petroleum were worth $439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in Marathon Petroleum by 19.4% in the 1st quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock worth $479,000 after acquiring an additional 910 shares during the last quarter. Cibc World Market Inc. bought a new stake in Marathon Petroleum in the 1st quarter worth approximately $282,000. Vontobel Holding Ltd. increased its stake in Marathon Petroleum by 1.6% in the 1st quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock worth $1,584,000 after acquiring an additional 293 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Marathon Petroleum by 25.1% in the 1st quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock worth $7,800,000 after purchasing an additional 18,230 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in shares of Marathon Petroleum by 11.0% in the 1st quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock worth $807,000 after purchasing an additional 937 shares during the period. Institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MPC. Raymond James lifted their target price on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 31st. Bank of America lifted their target price on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Barclays lifted their target price on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $193.77.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $196.42 on Friday. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The stock has a market capitalization of $70.78 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.67 and a beta of 1.52. The stock has a fifty day simple moving average of $189.49 and a two-hundred day simple moving average of $164.92. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.21 by $1.77. The firm had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $6.65 EPS. On average, analysts predict that Marathon Petroleum Co. will post 19.42 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s payout ratio is 14.02%.

Marathon Petroleum Company 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.