Hsbc Holdings PLC Purchases 97,801 Shares of Marathon Petroleum Corporation $MPC

Hsbc Holdings PLC grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 21.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 547,309 shares of the oil and gas company’s stock after buying an additional 97,801 shares during the period. Hsbc Holdings PLC owned 0.19% of Marathon Petroleum worth $89,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPC. Navalign LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $31,000. Berbice Capital Management LLC grew its holdings in Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. WFA of San Diego LLC purchased a new position in Marathon Petroleum in the second quarter worth $33,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MPC. Jefferies Financial Group raised their price objective on Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Citigroup upped their target price on Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 17th. The Goldman Sachs Group raised their price target on Marathon Petroleum from $264.00 to $291.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $344.00 price objective on shares of Marathon Petroleum in a report on Monday, June 15th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average target price of $272.94.

Marathon Petroleum Price Performance

NYSE MPC opened at $243.11 on Monday. The company has a market cap of $70.97 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.37 and a beta of 0.52. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73. The stock’s fifty day moving average price is $245.18 and its 200 day moving average price is $214.45. Marathon Petroleum Corporation has a 1 year low of $158.00 and a 1 year high of $272.46.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) EPS. As a group, equities research analysts forecast that Marathon Petroleum Corporation will post 31.35 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Marathon Petroleum’s payout ratio is 26.11%.

Insider Activity at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president owned 16,900 shares in the company, valued at $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.