First Trust Advisors LP Has $37.65 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

First Trust Advisors LP decreased its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 269,919 shares of the oil and gas company's stock after selling 88,784 shares during the period. First Trust Advisors LP owned approximately 0.08% of Marathon Petroleum worth $37,654,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after buying an additional 4,367,774 shares in the last quarter. Demars Financial Group LLC grew its stake in shares of Marathon Petroleum by 16,338.3% in the 4th quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock worth $582,710,000 after purchasing an additional 4,151,722 shares during the last quarter. Norges Bank acquired a new stake in Marathon Petroleum during the fourth quarter valued at approximately $453,427,000. Boston Partners grew its position in Marathon Petroleum by 37.4% in the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after buying an additional 935,042 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Marathon Petroleum by 22.3% during the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after acquiring an additional 647,045 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on MPC shares. Piper Sandler cut their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Morgan Stanley cut their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday. Raymond James reduced their price objective 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. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Scotiabank lowered their price objective on shares of 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus price target of $174.21.

Marathon Petroleum Stock Performance

NYSE:MPC traded up $0.14 during trading hours on Monday, hitting $137.58. 1,868,350 shares of the company traded hands, compared to its average volume of 2,713,743. 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 stock has a market capitalization of $42.86 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 3.11 and a beta of 1.04. The firm has a 50-day moving average of $138.67 and a 200 day moving average of $146.12. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $201.36.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same period last year, the business earned $3.98 earnings per share. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Insider Buying and Selling

In related news, Director Evan Bayh bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, the director now directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought 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 approximately $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

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.