Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,422 shares of the oil and gas company's stock after selling 18,253 shares during the period. Sei Investments Co.'s holdings in Marathon Petroleum were worth $16,245,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum during the 4th quarter valued at approximately $27,000. True Wealth Design LLC increased its holdings in Marathon Petroleum by 672.7% in the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 148 shares during the last quarter. Asset Planning Inc purchased a new stake in Marathon Petroleum in the 4th quarter worth $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at about $31,000. Finally, Cape Investment Advisory Inc. increased its holdings in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Cowen reissued a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Piper Sandler cut their target price 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. Mizuho decreased their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One research 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. According to data from MarketBeat, Marathon Petroleum presently has an average rating of "Moderate Buy" and an average price target of $180.21.

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Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction that occurred 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 acquisition, the director now directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. The trade was a 1.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired 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 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 disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Marathon Petroleum Trading Up 0.9 %

MPC traded up $1.39 during trading hours on Wednesday, reaching $148.02. 1,653,746 shares of the company's stock traded hands, compared to its average volume of 2,637,808. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $148.53 and a 200 day moving average price of $151.21. Marathon Petroleum Co. has a 52-week low of $130.54 and a 52-week high of $221.11. The firm has a market capitalization of $46.11 billion, a PE ratio of 14.91, a PEG ratio of 3.11 and a beta of 1.39.

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

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is presently 36.66%.

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.