Mariner LLC Has $85.74 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Mariner LLC reduced its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 620,713 shares of the oil and gas company's stock after selling 90,692 shares during the quarter. Mariner LLC owned 0.19% of Marathon Petroleum worth $85,743,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MPC. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum in the 4th quarter worth $27,000. Asset Planning Inc acquired a new stake in Marathon Petroleum during the 4th quarter valued at approximately $28,000. Sierra Ocean LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth approximately $31,000. Cape Investment Advisory Inc. raised its position in shares of Marathon Petroleum by 762.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $44,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays decreased their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company lowered their price target on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Scotiabank cut their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Raymond James decreased their target price on shares of 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. 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $175.79.

Insider Activity at Marathon Petroleum

In related news, Director Evan Bayh bought 1,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company's stock.

Marathon Petroleum Stock Up 2.8 %

Shares of MPC traded up $3.48 during midday trading on Friday, reaching $127.55. 2,387,680 shares of the stock were exchanged, compared to its average volume of 2,697,115. The company has a market cap of $39.74 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 3.11 and a beta of 1.04. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $201.36. The firm has a 50 day simple moving average of $140.81 and a 200-day simple moving average of $147.59.

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

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors 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 2.85%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is currently 36.66%.

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.