CANADA LIFE ASSURANCE Co Has $53.85 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

CANADA LIFE ASSURANCE Co cut its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 6.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 386,235 shares of the oil and gas company's stock after selling 27,621 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.12% of Marathon Petroleum worth $53,854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPC. SWS Partners increased its stake in shares of Marathon Petroleum by 19.0% in the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock worth $2,452,000 after buying an additional 2,806 shares during the last quarter. Assenagon Asset Management S.A. grew its stake 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 worth $75,757,000 after purchasing an additional 501,441 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Marathon Petroleum by 747.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock worth $3,466,000 after buying an additional 18,764 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in shares of Marathon Petroleum by 3.5% during 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 acquiring an additional 5,476 shares in the last quarter. Finally, TCTC Holdings LLC lifted its position in shares of Marathon Petroleum by 3.3% in the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock worth $12,730,000 after buying an additional 2,892 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Down 0.8 %

MPC traded down $0.96 during trading on Monday, reaching $126.76. The company had a trading volume of 2,424,971 shares, compared to its average volume of 2,699,820. The firm's 50-day simple moving average is $140.81 and its 200 day simple moving average is $147.27. The company has a market cap of $39.49 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $201.36.

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

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Insider Buying and Selling at Marathon Petroleum

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

Analyst Ratings Changes

MPC has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler reduced 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. Raymond James lowered their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Barclays decreased their price objective on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, April 14th. One 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 presently has an average rating of "Moderate Buy" and an average target price of $175.79.

Marathon Petroleum 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.