Philadelphia Trust Co. Sells 5,597 Shares of Marathon Petroleum Co. (NYSE:MPC)

Philadelphia Trust Co. reduced its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,862 shares of the oil and gas company's stock after selling 5,597 shares during the quarter. Marathon Petroleum accounts for 0.9% of Philadelphia Trust Co.'s investment portfolio, making the stock its 27th biggest holding. Philadelphia Trust Co.'s holdings in Marathon Petroleum were worth $11,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. OLD Second National Bank of Aurora grew its position in Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock valued at $139,000 after buying an additional 67 shares during the last quarter. Nixon Peabody Trust Co. boosted its holdings in shares of Marathon Petroleum by 3.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock valued at $288,000 after acquiring an additional 68 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after acquiring an additional 69 shares during the period. American Trust raised its holdings in Marathon Petroleum by 5.3% during the third quarter. American Trust now owns 1,397 shares of the oil and gas company's stock worth $228,000 after purchasing an additional 70 shares in the last quarter. Finally, DT Investment Partners LLC lifted its position in Marathon Petroleum by 21.5% in the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock valued at $55,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Buying and Selling

In other news, insider Ricky D. Hessling bought 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Evan Bayh acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on MPC shares. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Raymond James decreased their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company reduced their price objective on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Piper Sandler lowered 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 report on Friday, March 7th. Finally, Barclays cut their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus price target of $175.79.

Marathon Petroleum Stock Performance

MPC stock traded up $4.47 on Thursday, reaching $128.54. The company's stock had a trading volume of 1,088,011 shares, compared to its average volume of 2,688,747. The company has a market capitalization of $40.04 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. 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 Co. has a 52 week low of $115.10 and a 52 week high of $205.61. The firm has a fifty day moving average of $141.89 and a two-hundred day moving average of $148.09.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company 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 company earned $3.98 EPS. Marathon Petroleum's revenue was down 9.1% on a year-over-year basis. As a group, analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed 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. This represents a $3.64 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is presently 36.66%.

About Marathon Petroleum

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.