Marathon Petroleum Co. (NYSE:MPC) Shares Sold by CSM Advisors LLC

CSM Advisors LLC decreased its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,622 shares of the oil and gas company's stock after selling 4,185 shares during the quarter. Marathon Petroleum accounts for about 1.2% of CSM Advisors LLC's investment portfolio, making the stock its 25th largest holding. CSM Advisors LLC's holdings in Marathon Petroleum were worth $17,803,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in Marathon Petroleum by 78.1% during the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after purchasing an additional 4,367,774 shares in the last quarter. Demars Financial Group LLC grew 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 buying an additional 4,151,722 shares in the last quarter. Norges Bank bought a new stake in shares of Marathon Petroleum in the fourth quarter worth $453,427,000. Boston Partners raised its holdings in Marathon Petroleum by 37.4% in the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock valued at $480,501,000 after acquiring an additional 935,042 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Marathon Petroleum by 22.3% during the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after acquiring an additional 647,045 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh bought 1,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ricky D. Hessling purchased 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $131.46 on Wednesday. The firm's 50 day moving average is $139.90 and its two-hundred day moving average is $146.85. The firm has a market capitalization of $40.95 billion, a P/E ratio of 13.24, a PEG ratio of 3.11 and a beta of 1.04. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $201.36.

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

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is currently 36.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays dropped their target price 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, April 14th. Piper Sandler cut their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Raymond James decreased their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Scotiabank dropped their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Marathon Petroleum presently has an average rating of "Moderate Buy" and an average target price of $175.79.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.