Marathon Petroleum Co. (NYSE:MPC) Position Reduced by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 21.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,414 shares of the oil and gas company's stock after selling 6,514 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Marathon Petroleum were worth $3,254,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SWS Partners grew its holdings in Marathon Petroleum by 19.0% in the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock valued at $2,452,000 after buying an additional 2,806 shares during the period. Assenagon Asset Management S.A. grew its holdings in Marathon Petroleum by 1,204.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company's stock valued at $75,757,000 after purchasing an additional 501,441 shares during the period. Wilmington Savings Fund Society FSB increased its position in Marathon Petroleum by 747.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock worth $3,466,000 after purchasing an additional 18,764 shares during the last quarter. Greatmark Investment Partners Inc. boosted its holdings in shares of Marathon Petroleum by 3.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock valued at $22,483,000 after purchasing an additional 5,476 shares during the last quarter. Finally, TCTC Holdings LLC grew its stake in shares of Marathon Petroleum by 3.3% during the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock valued at $12,730,000 after buying an additional 2,892 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

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Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares in the company, valued at $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 owned by company insiders.

Marathon Petroleum Stock Down 5.9 %

NYSE:MPC traded down $7.57 during mid-day trading on Friday, reaching $121.02. The stock had a trading volume of 5,832,177 shares, compared to its average volume of 2,652,867. 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 company has a market capitalization of $37.70 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 1-year low of $115.97 and a 1-year high of $219.74. The stock's 50 day simple moving average is $147.41 and its two-hundred day simple moving average is $150.68.

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. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the previous year, the business earned $3.98 EPS. The business's quarterly revenue was down 9.1% on a year-over-year basis. Equities analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

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 dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of research analyst reports. Raymond James reiterated a "strong-buy" rating and issued a $193.00 target price on shares of Marathon Petroleum in a report on Thursday, March 27th. Mizuho dropped their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Wells Fargo & Company boosted their price objective on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $180.29.

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.