Guggenheim Capital LLC Sells 3,197 Shares of Marathon Petroleum Co. (NYSE:MPC)

Guggenheim Capital LLC reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,568 shares of the oil and gas company's stock after selling 3,197 shares during the period. Guggenheim Capital LLC's holdings in Marathon Petroleum were worth $15,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MPC. Virtu Financial LLC increased its stake in Marathon Petroleum by 13.3% during the third quarter. Virtu Financial LLC now owns 4,373 shares of the oil and gas company's stock worth $712,000 after purchasing an additional 515 shares during the period. Tudor Financial Inc. acquired a new stake in Marathon Petroleum during the 3rd quarter worth approximately $823,000. Stock Yards Bank & Trust Co. boosted its position in Marathon Petroleum by 1.0% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 12,038 shares of the oil and gas company's stock valued at $1,961,000 after buying an additional 116 shares during the period. World Investment Advisors LLC increased its position in shares of Marathon Petroleum by 4,227.5% during the third quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company's stock worth $11,364,000 after acquiring an additional 68,147 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Marathon Petroleum by 747.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock valued at $3,466,000 after acquiring an additional 18,764 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded up $3.48 during mid-day trading on Friday, reaching $127.55. The company had a trading volume of 2,387,680 shares, compared to its average volume of 2,697,115. The firm has a market cap of $39.74 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $201.36. The business's 50-day simple moving average is $140.81 and its 200 day simple moving average is $147.59.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data 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 return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same period last year, the firm posted $3.98 earnings per share. Marathon Petroleum's revenue was down 9.1% compared to the same quarter last year. On average, research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.85%. Marathon Petroleum's dividend payout ratio is presently 36.66%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MPC shares. Barclays lowered their price objective on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a research report on Monday. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Raymond James lowered their price objective on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their target price on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.79.

Insider Buying and Selling

In related news, insider Ricky D. Hessling acquired 2,000 shares of the business's stock in a transaction that occurred 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 completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Evan Bayh bought 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 owns 69,305 shares of the company's stock, valued at $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. 0.25% of the stock is owned by corporate insiders.

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.