Elo Mutual Pension Insurance Co Sells 2,945 Shares of Marathon Petroleum Co. (NYSE:MPC)

Elo Mutual Pension Insurance Co trimmed its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,543 shares of the oil and gas company's stock after selling 2,945 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Marathon Petroleum were worth $4,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MPC. Wellington Management Group LLP grew its position in Marathon Petroleum by 342.1% in the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company's stock valued at $911,274,000 after acquiring an additional 4,328,470 shares during the period. Boston Partners boosted its stake in shares of Marathon Petroleum by 37.4% in the 4th quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock valued at $480,501,000 after purchasing an additional 935,042 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Marathon Petroleum by 22.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock worth $495,595,000 after purchasing an additional 647,045 shares during the last quarter. National Bank of Canada FI lifted its holdings in Marathon Petroleum by 212.9% during the 3rd quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company's stock valued at $137,945,000 after purchasing an additional 576,119 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position 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 buying an additional 501,441 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Cowen reaffirmed a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. Raymond James reaffirmed a "strong-buy" rating on shares of Marathon Petroleum in a report on Thursday. Mizuho reduced their price target 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. Piper Sandler lowered 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, Barclays upped their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average price target of $180.21.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction dated 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 completion of the purchase, the director now owns 69,305 shares in the company, 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 owned by insiders.

Marathon Petroleum Trading Down 1.3 %

NYSE:MPC traded down $1.88 during trading hours on Tuesday, hitting $143.82. The stock had a trading volume of 602,039 shares, compared to its average volume of 2,638,477. The business's 50 day moving average is $148.60 and its 200-day moving average is $151.35. The company has a market cap of $44.80 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a one year low of $130.54 and a one year 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.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.06 by $0.71. The business 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%. The firm's revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.98 EPS. Sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's payout ratio is currently 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.