Alaska Permanent Fund Corp Has $6.19 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Alaska Permanent Fund Corp lifted its stake in Marathon Petroleum Co. (NYSE:MPC) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,724 shares of the oil and gas company’s stock after buying an additional 726 shares during the period. Alaska Permanent Fund Corp’s holdings in Marathon Petroleum were worth $6,190,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aspire Private Capital LLC increased its holdings in Marathon Petroleum by 4.4% during the 3rd quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 145 shares in the last quarter. Allworth Financial LP increased its holdings in Marathon Petroleum by 3.2% during the 4th quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company’s stock valued at $1,617,000 after purchasing an additional 340 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in Marathon Petroleum by 9.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock valued at $87,753,000 after purchasing an additional 48,540 shares in the last quarter. Trust Point Inc. acquired a new stake in Marathon Petroleum during the 4th quarter valued at $738,000. Finally, Whittier Trust Co. increased its holdings in Marathon Petroleum by 6.4% during the 4th quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company’s stock valued at $1,324,000 after purchasing an additional 537 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Trading Down 0.5 %

Shares of NYSE:MPC traded down $1.00 during midday trading on Thursday, hitting $198.14. The company had a trading volume of 175,083 shares, compared to its average volume of 2,752,436. Marathon Petroleum Co. has a 12 month low of $104.32 and a 12 month high of $221.11. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The stock has a market cap of $71.40 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.62 and a beta of 1.52. The firm has a fifty day simple moving average of $191.26 and a 200 day simple moving average of $166.23.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The firm had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same quarter in the previous year, the business earned $6.65 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. On average, analysts predict that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. Marathon Petroleum’s dividend payout ratio is presently 14.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MPC. Raymond James raised their price target on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 31st. Citigroup started coverage on Marathon Petroleum in a report on Wednesday, January 24th. They set a “neutral” rating for the company. Wells Fargo & Company increased their price objective on Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. TD Cowen increased their price objective on Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Barclays increased their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.21% of the company’s stock.

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.