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

Natixis lessened its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 73.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259,065 shares of the oil and gas company's stock after selling 706,795 shares during the period. Natixis owned 0.08% of Marathon Petroleum worth $36,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at approximately $27,000. Asset Planning Inc purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $28,000. Sierra Ocean LLC bought a new position in Marathon Petroleum in the fourth quarter worth approximately $31,000. Cape Investment Advisory Inc. raised its holdings 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 worth $42,000 after purchasing an additional 267 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Marathon Petroleum in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Down 0.8 %

MPC traded down $0.96 during trading on Monday, hitting $126.76. The stock had a trading volume of 2,424,971 shares, compared to its average volume of 2,699,820. The stock has a 50 day simple moving average of $140.36 and a two-hundred day simple moving average of $146.96. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $201.36. The company has a market capitalization of $39.49 billion, a PE ratio of 12.77, a PEG ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

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

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is currently 36.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MPC. Raymond James lowered 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 research note on Wednesday, April 9th. 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. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price objective on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Barclays reduced their price target on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $175.79.

Insiders Place Their Bets

In related news, insider Ricky D. Hessling bought 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value 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. This trade represents a 19.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by 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.