Kirr Marbach & Co. LLC IN trimmed its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,620 shares of the oil and gas company's stock after selling 37,277 shares during the quarter. Marathon Petroleum makes up 1.5% of Kirr Marbach & Co. LLC IN's portfolio, making the stock its 23rd biggest holding. Kirr Marbach & Co. LLC IN's holdings in Marathon Petroleum were worth $6,922,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Marathon Petroleum by 1,204.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company's stock worth $75,757,000 after buying an additional 501,441 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Marathon Petroleum by 27.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 43,174 shares of the oil and gas company's stock valued at $7,033,000 after purchasing an additional 9,355 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Marathon Petroleum by 747.3% in the third 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 purchasing an additional 18,764 shares during the last quarter. Holistic Planning LLC acquired a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $912,000. Finally, World Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 68,147 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Jeffrey C. Campbell bought 6,000 shares of Marathon Petroleum stock in a transaction on Wednesday, December 4th. The shares were bought at an average price of $149.61 per share, with a total value of $897,660.00. Following the acquisition, the director now directly owns 6,090 shares in the company, valued at approximately $911,124.90. This represents a 6,666.67 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Mizuho reduced their target price on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. TD Cowen reiterated a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Citigroup reduced their target price on shares of Marathon Petroleum from $172.00 to $167.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Barclays cut their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Finally, BMO Capital Markets reduced their price target on Marathon Petroleum from $200.00 to $190.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $181.20.
Check Out Our Latest Report on Marathon Petroleum
Marathon Petroleum Stock Up 0.4 %
NYSE MPC traded up $0.67 on Wednesday, reaching $151.31. The company had a trading volume of 710,393 shares, compared to its average volume of 2,756,602. The firm has a market capitalization of $48.63 billion, a PE ratio of 12.01, a P/E/G ratio of 2.88 and a beta of 1.42. The firm has a 50-day moving average of $146.87 and a 200-day moving average of $158.34. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.
Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.90. The firm had revenue of $35.37 billion for the quarter, compared to analyst estimates of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The firm's revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.14 EPS. On average, equities research analysts anticipate that Marathon Petroleum Co. will post 8.88 EPS for the current fiscal year.
Marathon Petroleum announced that its board has initiated a stock buyback plan on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.
Marathon Petroleum Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum's payout ratio is currently 28.84%.
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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