Aster Capital Management DIFC Ltd Has $110,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Aster Capital Management DIFC Ltd trimmed its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 95.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 788 shares of the oil and gas company's stock after selling 15,261 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Marathon Petroleum were worth $110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MPC. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at approximately $27,000. Asset Planning Inc bought a new position in shares of Marathon Petroleum in the fourth quarter worth $28,000. Sierra Ocean LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at $31,000. Cape Investment Advisory Inc. raised its stake in shares of Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in Marathon Petroleum in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MPC shares. Piper Sandler dropped their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Scotiabank cut their target price on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday. Mizuho lowered their price target on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Raymond James cut their price objective on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Finally, Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. One equities 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $177.21.

Marathon Petroleum Trading Up 1.7 %

Marathon Petroleum stock traded up $2.05 during midday trading on Monday, reaching $125.48. The stock had a trading volume of 587,436 shares, compared to its average volume of 2,682,259. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $210.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The firm has a market cap of $39.09 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.11 and a beta of 1.04. The firm's fifty day simple moving average is $143.65 and its two-hundred day simple moving average is $148.71.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.98 earnings per share. Equities analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

Insider Buying and Selling

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

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.