Marathon Petroleum Co. (NYSE:MPC) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,260 shares of the oil and gas company's stock after purchasing an additional 4,974 shares during the period. NEOS Investment Management LLC's holdings in Marathon Petroleum were worth $2,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. UniSuper Management Pty Ltd raised its stake in Marathon Petroleum by 23.4% in the 4th quarter. UniSuper Management Pty Ltd now owns 25,994 shares of the oil and gas company's stock worth $3,626,000 after acquiring an additional 4,932 shares during the last quarter. Sava Infond d.o.o. acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $265,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Marathon Petroleum by 3.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 513,792 shares of the oil and gas company's stock worth $73,339,000 after buying an additional 16,622 shares in the last quarter. Korea Investment CORP increased its holdings in Marathon Petroleum by 5.5% in the fourth quarter. Korea Investment CORP now owns 256,928 shares of the oil and gas company's stock valued at $35,841,000 after buying an additional 13,362 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Marathon Petroleum in the fourth quarter worth about $837,000. Institutional investors and hedge funds own 76.77% of the company's stock.

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Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Up 0.4 %

Shares of NYSE MPC traded up $0.60 during midday trading on Wednesday, hitting $147.23. 582,416 shares of the company's stock were exchanged, compared to its average volume of 2,637,208. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a market cap of $45.87 billion, a PE ratio of 14.84, a P/E/G ratio of 3.11 and a beta of 1.39. The firm's fifty day simple moving average is $148.52 and its 200-day simple moving average is $151.23.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (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 analyst estimates of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.98 earnings per share. Research analysts predict 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 given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MPC shares. Raymond James restated a "strong-buy" rating on shares of Marathon Petroleum in a research note on Thursday, March 27th. Barclays lifted their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Mizuho reduced their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Piper Sandler lowered their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $180.21.

Marathon Petroleum Company 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.