Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Nemes Rush Group LLC

Nemes Rush Group LLC lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 12.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,916 shares of the oil and gas company's stock after selling 4,443 shares during the period. Nemes Rush Group LLC's holdings in Marathon Petroleum were worth $4,452,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $27,000. True Wealth Design LLC increased its position in shares of 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 acquiring an additional 148 shares during the period. Asset Planning Inc purchased a new position in Marathon Petroleum in the fourth quarter valued at $28,000. Sierra Ocean LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $31,000. Finally, Cape Investment Advisory Inc. grew 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 worth $42,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Wall Street Analyst Weigh In

MPC has been the topic of several recent analyst reports. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their target price on Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Piper Sandler dropped their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. TD Cowen reiterated a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Finally, Mizuho dropped their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average price target of $180.29.

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Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock traded down $19.26 on Thursday, reaching $128.64. 5,075,140 shares of the stock were exchanged, compared to its average volume of 2,647,483. 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 firm has a market capitalization of $40.08 billion, a PE ratio of 12.95, a PEG ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 1-year low of $127.82 and a 1-year high of $221.11. The business has a fifty day moving average price of $148.53 and a two-hundred day moving average price of $151.21.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the prior year, the business posted $3.98 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.83%. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

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.