Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,777 shares of the oil and gas company's stock after selling 5,245 shares during the period. Arizona State Retirement System's holdings in Marathon Petroleum were worth $13,361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in Marathon Petroleum by 42.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,459 shares of the oil and gas company's stock valued at $564,000 after purchasing an additional 1,038 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Marathon Petroleum in the third quarter valued at $30,000. Van ECK Associates Corp raised its stake in shares of Marathon Petroleum by 237.1% during the 3rd quarter. Van ECK Associates Corp now owns 69,402 shares of the oil and gas company's stock worth $10,671,000 after buying an additional 48,814 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Marathon Petroleum by 19.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 18,616 shares of the oil and gas company's stock worth $3,033,000 after buying an additional 3,019 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in Marathon Petroleum by 6.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,355 shares of the oil and gas company's stock valued at $221,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

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Marathon Petroleum Trading Down 1.0 %

NYSE MPC traded down $1.33 during mid-day trading on Monday, hitting $136.22. The company's stock had a trading volume of 2,795,628 shares, compared to its average volume of 2,870,743. The firm has a market capitalization of $42.58 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. 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 $130.54 and a 52-week high of $221.11. The stock's fifty day simple moving average is $148.61 and its two-hundred day simple moving average is $154.16.

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

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.67%. Marathon Petroleum's dividend payout ratio (DPR) is currently 36.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MPC. Mizuho lowered their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Piper Sandler lowered their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Barclays decreased their price objective on Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Finally, Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average target price of $182.00.

Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company's stock.

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.