Catalyst Funds Management Pty Ltd Sells 2,700 Shares of Marathon Petroleum Co. (NYSE:MPC)

Catalyst Funds Management Pty Ltd lessened its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 34.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,100 shares of the oil and gas company's stock after selling 2,700 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Marathon Petroleum were worth $711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gladius Capital Management LP bought a new position in shares of Marathon Petroleum in the third quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at approximately $27,000. True Wealth Design LLC increased its holdings in Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after buying an additional 148 shares during the last quarter. Asset Planning Inc purchased a new stake in Marathon Petroleum during the fourth quarter valued at approximately $28,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth $31,000. Institutional investors own 76.77% of the company's stock.

Insider Buying and Selling

In other Marathon Petroleum news, 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 price of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling purchased 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

MPC has been the subject of a number of analyst reports. Piper Sandler reduced 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 note on Friday, March 7th. Wells Fargo & Company increased their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Barclays increased their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. 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, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $182.13.

Marathon Petroleum Price Performance

MPC stock traded up $1.71 during trading on Wednesday, hitting $147.71. 464,349 shares of the company's stock traded hands, compared to its average volume of 2,468,806. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The business has a fifty day simple moving average of $148.56 and a 200 day simple moving average of $152.54. The stock has a market capitalization of $46.01 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced 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 net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same quarter in the prior year, the firm posted $3.98 earnings per share. The business's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts expect 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. Investors of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.46%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is presently 36.66%.

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.