BI Asset Management Fondsmaeglerselskab A S Has $1.90 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 64.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,611 shares of the oil and gas company's stock after selling 24,525 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Marathon Petroleum were worth $1,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPC. Dimensional Fund Advisors LP grew its holdings in shares of Marathon Petroleum by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,399,977 shares of the oil and gas company's stock valued at $613,624,000 after buying an additional 452,043 shares during the period. Alpha DNA Investment Management LLC grew its stake in Marathon Petroleum by 5.8% in the fourth quarter. Alpha DNA Investment Management LLC now owns 3,010 shares of the oil and gas company's stock valued at $420,000 after acquiring an additional 164 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Marathon Petroleum by 14.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,571,062 shares of the oil and gas company's stock worth $219,163,000 after acquiring an additional 196,282 shares in the last quarter. Demars Financial Group LLC raised its position in shares of Marathon Petroleum by 16,338.3% during the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock worth $582,710,000 after purchasing an additional 4,151,722 shares during the period. Finally, Keeley Teton Advisors LLC lifted its holdings in shares of Marathon Petroleum by 2.7% during the 4th quarter. Keeley Teton Advisors LLC now owns 6,590 shares of the oil and gas company's stock valued at $919,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

NYSE:MPC traded up $0.06 during trading hours on Friday, hitting $137.60. The company's stock had a trading volume of 1,681,149 shares, compared to its average volume of 2,708,430. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $201.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The stock has a fifty day simple moving average of $139.10 and a 200-day simple moving average of $146.52. The company has a market capitalization of $42.87 billion, a P/E ratio of 13.86, a PEG ratio of 3.11 and a beta of 1.04.

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 for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business posted $3.98 earnings per share. On average, analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a $0.91 dividend. 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 2.65%. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Analyst Upgrades and Downgrades

MPC has been the topic of several research analyst reports. Barclays dropped their target price on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company cut their price objective on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Raymond James lowered their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Morgan Stanley cut their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $174.21.

Insider Activity

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

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.