Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. decreased its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,812 shares of the oil and gas company's stock after selling 30,500 shares during the quarter. Marathon Petroleum makes up 2.4% of Adams Natural Resources Fund Inc.'s investment portfolio, making the stock its 11th biggest holding. Adams Natural Resources Fund Inc.'s holdings in Marathon Petroleum were worth $15,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Global Investments lifted its holdings in Marathon Petroleum by 115.6% during the 4th quarter. Summit Global Investments now owns 2,969 shares of the oil and gas company's stock worth $414,000 after buying an additional 1,592 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth $55,000. 1620 Investment Advisors Inc. lifted its position in Marathon Petroleum by 2.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 5,666 shares of the oil and gas company's stock valued at $790,000 after acquiring an additional 114 shares during the last quarter. Independent Solutions Wealth Management LLC boosted its stake in Marathon Petroleum by 601.1% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 8,848 shares of the oil and gas company's stock valued at $1,234,000 after acquiring an additional 7,586 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of Marathon Petroleum by 1.7% during the fourth quarter. Whittier Trust Co. now owns 8,649 shares of the oil and gas company's stock worth $1,207,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

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Insider Activity

In related news, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. The trade was a 1.46 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Raymond James increased their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a report on Friday, January 17th. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company raised their price target on Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Mizuho reduced their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $180.21.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded up $0.54 during trading on Wednesday, hitting $149.63. 1,980,887 shares of the stock were exchanged, compared to its average volume of 2,510,081. The company has a market cap of $46.62 billion, a PE ratio of 15.07, a P/E/G ratio of 3.11 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average price of $149.06 and a two-hundred day moving average price of $151.77. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $31.94 billion. During the same quarter in the prior year, the company earned $3.98 earnings per share. Marathon Petroleum's revenue was down 9.1% compared to the same quarter last year. On average, analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Marathon Petroleum Company 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.