Sienna Gestion Has $7.03 Million Stock Holdings in Marathon Petroleum Corporation (NYSE:MPC)

Sienna Gestion lessened its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,634 shares of the oil and gas company’s stock after selling 5,975 shares during the period. Sienna Gestion’s holdings in Marathon Petroleum were worth $7,029,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after buying an additional 1,178 shares during the last quarter. GHE LLC grew its stake in Marathon Petroleum by 1.8% during the fourth quarter. GHE LLC now owns 38,572 shares of the oil and gas company’s stock worth $5,381,000 after buying an additional 665 shares during the last quarter. SageView Advisory Group LLC grew its stake in Marathon Petroleum by 49.5% during the fourth quarter. SageView Advisory Group LLC now owns 2,082 shares of the oil and gas company’s stock worth $290,000 after buying an additional 689 shares during the last quarter. Belpointe Asset Management LLC grew its stake in Marathon Petroleum by 16.8% during the fourth quarter. Belpointe Asset Management LLC now owns 4,894 shares of the oil and gas company’s stock worth $683,000 after buying an additional 705 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Marathon Petroleum during the fourth quarter worth about $492,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $161.64 on Thursday. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.10. The stock has a market cap of $49.14 billion, a PE ratio of 23.98, a PEG ratio of 2.89 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The firm’s 50 day moving average price is $169.28 and its two-hundred day moving average price is $153.87.

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

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.3%. Marathon Petroleum’s dividend payout ratio (DPR) is 54.01%.

Analysts Set New Price Targets

Several brokerages have weighed in on MPC. Mizuho upped their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Dbs Bank raised shares of Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Morgan Stanley increased their price target on shares of Marathon Petroleum from $160.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, Wolfe Research cut shares of Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $185.29.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the sale, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

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.