Atria Investments Inc Decreases Position in Marathon Petroleum Co. (NYSE:MPC)

Atria Investments Inc lessened its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,079 shares of the oil and gas company's stock after selling 5,395 shares during the quarter. Atria Investments Inc's holdings in Marathon Petroleum were worth $4,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in shares of Marathon Petroleum during the third quarter worth about $26,000. MeadowBrook Investment Advisors LLC boosted its position in shares of Marathon Petroleum by 88.9% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 80 shares during the period. True Wealth Design LLC increased its position in Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after buying an additional 148 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Marathon Petroleum in the third quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $27,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marathon Petroleum

In other news, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. The trade was a 1.46 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company's stock.

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Marathon Petroleum Trading Up 1.3 %

Shares of Marathon Petroleum stock traded up $1.85 during mid-day trading on Monday, hitting $139.40. 469,776 shares of the stock were exchanged, compared to its average volume of 2,507,428. The company has a 50-day simple moving average of $148.61 and a 200 day simple moving average of $154.16. 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 $43.57 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results 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 firm had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. Marathon Petroleum's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.98 EPS. Research analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Raymond James upped their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research note on Friday, January 17th. TD Cowen reiterated a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Piper Sandler lowered 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $182.00.

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.