Blair William & Co. IL Buys 4,908 Shares of Marathon Petroleum Co. (NYSE:MPC)

Blair William & Co. IL lifted its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 53,151 shares of the oil and gas company's stock after acquiring an additional 4,908 shares during the period. Blair William & Co. IL's holdings in Marathon Petroleum were worth $7,415,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in shares of Marathon Petroleum by 44.3% in the 3rd quarter. Fisher Asset Management LLC now owns 15,865 shares of the oil and gas company's stock valued at $2,585,000 after purchasing an additional 4,868 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Marathon Petroleum during the third quarter valued at about $4,073,000. Captrust Financial Advisors grew its stake in shares of Marathon Petroleum by 10.2% during the third quarter. Captrust Financial Advisors now owns 89,122 shares of the oil and gas company's stock valued at $14,519,000 after buying an additional 8,283 shares during the last quarter. Point72 Europe London LLP purchased a new position in shares of Marathon Petroleum in the third quarter worth about $782,000. Finally, Acropolis Investment Management LLC lifted its stake in shares of Marathon Petroleum by 10.1% in the 3rd quarter. Acropolis Investment Management LLC now owns 4,368 shares of the oil and gas company's stock valued at $712,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling purchased 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. This trade 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 company insiders.

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Analysts Set New Price Targets

A number of brokerages have commented on MPC. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Piper Sandler lowered their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wells Fargo & Company raised their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. TD Cowen reissued a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Finally, Mizuho decreased their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus target price of $180.29.

Marathon Petroleum Trading Down 10.7 %

NYSE:MPC traded down $15.78 during mid-day trading on Thursday, hitting $132.12. 986,213 shares of the stock traded hands, compared to its average volume of 2,631,875. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $41.16 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The firm's 50 day moving average is $148.53 and its two-hundred day moving average is $151.21.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company earned $3.98 EPS. On average, equities research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is presently 36.66%.

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.