Federated Hermes Inc. Sells 124,732 Shares of Marathon Petroleum Co. (NYSE:MPC)

Federated Hermes Inc. trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,637 shares of the oil and gas company's stock after selling 124,732 shares during the quarter. Federated Hermes Inc. owned about 0.06% of Marathon Petroleum worth $28,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of MPC. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter worth about $27,000. Asset Planning Inc bought a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $28,000. Sierra Ocean LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. increased its position in shares of Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Marathon Petroleum in the 4th quarter worth approximately $44,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

NYSE MPC traded up $2.05 on Monday, reaching $125.48. The company had a trading volume of 587,436 shares, compared to its average volume of 2,682,259. The firm's 50 day moving average price is $143.65 and its 200 day moving average price is $148.71. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $210.80. The stock has a market capitalization of $39.09 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 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%. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.98 earnings per share. As a group, equities analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.90%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is presently 36.66%.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ricky D. Hessling bought 2,000 shares of the business's 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 transaction, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MPC shares. Barclays boosted their price target on Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Mizuho decreased their target price on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Scotiabank dropped their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday. Piper Sandler decreased their price objective 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. Finally, Raymond James cut their price target on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus target price of $177.21.

Marathon Petroleum Company 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.