MassMutual Private Wealth & Trust FSB Has $245,000 Stake in Marathon Petroleum Corporation $MPC

MassMutual Private Wealth & Trust FSB grew its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 21.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,474 shares of the oil and gas company’s stock after acquiring an additional 264 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Marathon Petroleum were worth $245,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new position in Marathon Petroleum during the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC raised its stake in Marathon Petroleum by 1,546.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 201 shares in the last quarter. Hughes Financial Services LLC acquired a new position in Marathon Petroleum during the first quarter worth about $32,000. WPG Advisers LLC acquired a new position in Marathon Petroleum during the first quarter worth about $32,000. Finally, Decker Retirement Planning Inc. raised its stake in Marathon Petroleum by 1,621.4% during the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Activity

In related news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the sale, the insider owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares of the company’s stock, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Trading Up 0.3%

NYSE MPC opened at $185.18 on Friday. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $186.28. The firm has a market capitalization of $56.30 billion, a P/E ratio of 27.47, a PEG ratio of 3.41 and a beta of 0.97. The business has a fifty day simple moving average of $173.10 and a 200 day simple moving average of $158.11. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The firm had revenue of $34.10 billion during the quarter, compared to analyst estimates of $31.70 billion. During the same period last year, the firm posted $4.12 EPS. The business’s revenue was down 11.1% compared to the same quarter last year. On average, analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is 54.01%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MPC. Morgan Stanley boosted their price target on Marathon Petroleum from $160.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. TD Cowen reduced their price target on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Mizuho boosted their price target on Marathon Petroleum from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday. Piper Sandler boosted their price target on Marathon Petroleum from $184.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Wall Street Zen upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $189.64.

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.