Mesirow Financial Investment Management Inc. Has $1.44 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Mesirow Financial Investment Management Inc. cut its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,319 shares of the oil and gas company’s stock after selling 311 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Marathon Petroleum were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake 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 valued at $911,274,000 after buying an additional 4,328,470 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Marathon Petroleum by 7.0% during the 4th 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 last quarter. Pacer Advisors Inc. increased its position in Marathon Petroleum by 22.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company’s stock valued at $495,595,000 after acquiring an additional 647,045 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 last quarter. Finally, Bank of Montreal Can grew its stake in shares of Marathon Petroleum by 45.4% during the third quarter. Bank of Montreal Can now owns 1,329,422 shares of the oil and gas company’s stock valued at $217,560,000 after purchasing an additional 415,368 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Evan Bayh purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MPC shares. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday. Raymond James boosted their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Finally, Mizuho reduced their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.00.

Marathon Petroleum Price Performance

MPC opened at $137.65 on Friday. The stock has a market cap of $43.03 billion, a P/E ratio of 13.86, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $148.61 and a 200 day simple moving average of $154.40.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the prior year, the company 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, research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s payout ratio is currently 36.66%.

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.