Marathon Petroleum Co. (NYSE:MPC) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,510,883 shares of the oil and gas company's stock after selling 73,832 shares during the period. LSV Asset Management owned about 0.47% of Marathon Petroleum worth $210,768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MPC. F M Investments LLC raised its position in shares of Marathon Petroleum by 8.8% during the fourth quarter. F M Investments LLC now owns 27,278 shares of the oil and gas company's stock valued at $3,805,000 after buying an additional 2,215 shares during the last quarter. Texas Yale Capital Corp. increased its holdings in Marathon Petroleum by 5.5% in the 4th quarter. Texas Yale Capital Corp. now owns 4,385 shares of the oil and gas company's stock valued at $612,000 after acquiring an additional 230 shares during the last quarter. Straightline Group LLC bought a new position in shares of Marathon Petroleum during the 4th quarter valued at about $274,000. Applied Finance Capital Management LLC grew its position in shares of Marathon Petroleum by 0.9% during the fourth quarter. Applied Finance Capital Management LLC now owns 12,443 shares of the oil and gas company's stock valued at $1,736,000 after purchasing an additional 110 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of Marathon Petroleum by 158.3% in the fourth quarter. Bank of Nova Scotia now owns 120,052 shares of the oil and gas company's stock worth $16,747,000 after purchasing an additional 73,577 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have weighed in on MPC. Scotiabank cut their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a report on Friday. Wells Fargo & Company reduced their price target 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. Barclays lowered 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. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Piper Sandler lowered their price target on shares of 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average target price of $175.79.

Marathon Petroleum Trading Down 1.4 %

Shares of MPC traded down $1.79 during trading hours on Tuesday, reaching $123.06. 949,032 shares of the company traded hands, compared to its average volume of 2,683,814. The stock's fifty day moving average price is $143.00 and its 200 day moving average price is $148.44. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a market cap of $38.34 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $210.80.

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 (EPS) 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 company had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $31.94 billion. During the same period in the previous year, the company earned $3.98 EPS. The firm's quarterly revenue was down 9.1% on a year-over-year basis. Sell-side analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current 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 dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Insiders Place Their Bets

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

Marathon Petroleum 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.