Marathon Petroleum Co. (NYSE:MPC) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,295 shares of the oil and gas company's stock after selling 2,037 shares during the quarter. MetLife Investment Management LLC's holdings in Marathon Petroleum were worth $11,899,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MPC. Raymond James reduced their price target 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. Scotiabank reduced their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Wells Fargo & Company decreased their target price on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler dropped their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. 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 equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.79.

Marathon Petroleum Trading Up 2.4 %

Shares of Marathon Petroleum stock traded up $3.13 during trading hours on Wednesday, reaching $134.52. 2,996,292 shares of the company's stock were exchanged, compared to its average volume of 2,706,186. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $201.36. The company has a fifty day moving average of $139.47 and a 200-day moving average of $146.76. 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 capitalization of $41.91 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same period last 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 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, 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, with a total value of $133,700.00. Following the transaction, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, the insider now owns 12,162 shares of the company's stock, 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 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.