FIL Ltd lessened its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,244 shares of the oil and gas company's stock after selling 43,575 shares during the quarter. FIL Ltd's holdings in Marathon Petroleum were worth $14,263,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. SWS Partners boosted its stake in 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 purchasing an additional 2,806 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Marathon Petroleum by 1,204.8% during 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 grew its holdings in shares of Marathon Petroleum by 747.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock valued at $3,466,000 after buying an additional 18,764 shares during the period. Greatmark Investment Partners Inc. increased its position in shares of Marathon Petroleum by 3.5% in 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 buying an additional 5,476 shares in the last quarter. Finally, TCTC Holdings LLC raised its stake in Marathon Petroleum by 3.3% during 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 period. 76.77% of the stock is owned by institutional investors.
Marathon Petroleum Stock Performance
Shares of MPC traded up $4.60 during trading hours on Thursday, hitting $128.67. The company's stock had a trading volume of 730,162 shares, compared to its average volume of 2,687,277. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $205.61. The business has a 50 day simple moving average of $141.89 and a two-hundred day simple moving average of $148.09. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a market cap of $40.08 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 3.11 and a beta of 1.04.
Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly 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 return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $31.94 billion. During the same quarter last year, the firm posted $3.98 EPS. The company's revenue was down 9.1% compared to the same quarter last year. On average, equities analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.
Marathon Petroleum Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.83%. Marathon Petroleum's payout ratio is currently 36.66%.
Insider Buying and Selling at Marathon Petroleum
In related news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have recently commented on MPC. Scotiabank dropped their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Barclays cut their price target on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a report on Monday. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price target on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler cut their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus target price of $175.79.
Check Out Our Latest Report on Marathon Petroleum
About Marathon Petroleum
(
Free Report)
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.
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