Marathon Petroleum Co. (NYSE:MPC) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 30,820 shares of the oil and gas company's stock after selling 3,358 shares during the period. MML Investors Services LLC's holdings in Marathon Petroleum were worth $4,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norinchukin Bank The increased its position in Marathon Petroleum by 10.3% during the fourth quarter. Norinchukin Bank The now owns 16,022 shares of the oil and gas company's stock worth $2,235,000 after purchasing an additional 1,502 shares during the last quarter. Ossiam purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $4,350,000. Dimensional Fund Advisors LP grew its stake 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 shares of Marathon Petroleum by 5.8% in the 4th quarter. Alpha DNA Investment Management LLC now owns 3,010 shares of the oil and gas company's stock valued at $420,000 after buying an additional 164 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Marathon Petroleum by 14.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,571,062 shares of the oil and gas company's stock valued at $219,163,000 after buying an additional 196,282 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Up 0.5 %

Shares of NYSE MPC traded up $0.72 during mid-day trading on Tuesday, reaching $138.30. The company had a trading volume of 1,747,540 shares, compared to its average volume of 2,709,893. 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 50 day simple moving average of $138.29 and a two-hundred day simple moving average of $145.93. The stock has a market cap of $43.08 billion, a P/E ratio of 13.93, a PEG ratio of 3.11 and a beta of 1.04. 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 issued its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $31.94 billion. During the same period last year, the firm posted $3.98 EPS. Marathon Petroleum's revenue for the quarter was down 9.1% on a year-over-year basis. Sell-side analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This 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.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays decreased their price objective 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. Piper Sandler reduced their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Morgan Stanley reduced their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Raymond James reduced their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Finally, Tudor Pickering upgraded 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 given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.21.

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.