Corient Private Wealth LLC Lowers Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Corient Private Wealth LLC decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 14.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 168,814 shares of the oil and gas company's stock after selling 28,783 shares during the period. Corient Private Wealth LLC owned 0.05% of Marathon Petroleum worth $23,550,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SWS Partners grew its position in shares of Marathon Petroleum by 19.0% in the 4th 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 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 worth $75,757,000 after purchasing an additional 501,441 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of 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 in the last quarter. Greatmark Investment Partners Inc. lifted its holdings 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 purchasing an additional 5,476 shares during the last quarter. Finally, World Investment Advisors LLC grew its stake in Marathon Petroleum by 4,227.5% during the 3rd quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company's stock worth $11,364,000 after buying an additional 68,147 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

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Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded up $3.37 during trading hours on Wednesday, reaching $149.37. The stock had a trading volume of 3,591,357 shares, compared to its average volume of 2,480,987. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $46.53 billion, a PE ratio of 15.04, a PEG ratio of 3.11 and a beta of 1.39. The stock's 50 day moving average is $148.56 and its 200 day moving average is $152.54.

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 company 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.98 earnings per share. Equities analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal 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 $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is presently 36.66%.

Insiders Place Their Bets

In other news, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Bayh purchased 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. The trade was 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James increased their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research report on Friday, January 17th. Mizuho dropped their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Barclays raised their price target on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Finally, Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $182.13.

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.