Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,123,761 shares of the oil and gas company's stock after buying an additional 277,005 shares during the period. National Bank of Canada FI owned approximately 0.35% of Marathon Petroleum worth $156,759,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. True Wealth Design LLC grew its position 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 in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $27,000. Asset Planning Inc acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $31,000. Finally, Cape Investment Advisory Inc. boosted its position in 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 buying an additional 267 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

NYSE:MPC traded down $7.57 during mid-day trading on Friday, reaching $121.02. 5,247,825 shares of the stock were exchanged, compared to its average volume of 2,655,067. 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 1 year low of $116.08 and a 1 year high of $221.11. The company has a 50 day simple moving average of $148.02 and a 200-day simple moving average of $151.05. The stock has a market capitalization of $37.70 billion, a P/E ratio of 12.19, a P/E/G ratio of 3.11 and a beta of 1.39.

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

Marathon Petroleum Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 3.01%. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MPC shares. Piper Sandler cut their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Mizuho reduced their price target on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. TD Cowen reaffirmed a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Finally, Raymond James reiterated a "strong-buy" rating and set a $193.00 price target on shares of Marathon Petroleum in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of "Moderate Buy" and an average target price of $180.29.

Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of the business's stock in a transaction on 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 transaction, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now owns 12,162 shares of the company's stock, valued at approximately $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 currently owned by insiders.

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.