O Shaughnessy Asset Management LLC Has $61.06 Million Position in Marathon Petroleum Co. (NYSE:MPC)

O Shaughnessy Asset Management LLC lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,672 shares of the oil and gas company's stock after selling 43,055 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.14% of Marathon Petroleum worth $61,055,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC grew its holdings in Marathon Petroleum by 65.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 137,188 shares of the oil and gas company's stock valued at $19,526,000 after buying an additional 54,125 shares during the last quarter. Joseph Group Capital Management increased its position in Marathon Petroleum by 40.3% during the fourth quarter. Joseph Group Capital Management now owns 19,578 shares of the oil and gas company's stock worth $2,731,000 after acquiring an additional 5,623 shares during the period. Cambridge Financial Group Inc. acquired a new position in Marathon Petroleum during the 4th quarter valued at $5,624,000. Allstate Corp bought a new stake in Marathon Petroleum in the 4th quarter valued at $1,404,000. Finally, DnB Asset Management AS grew its position in Marathon Petroleum by 26.3% in the 4th quarter. DnB Asset Management AS now owns 1,751 shares of the oil and gas company's stock worth $244,000 after purchasing an additional 365 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Analysts Set New Price Targets

MPC has been the topic of a number of recent research reports. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen reaffirmed a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Mizuho cut their target price on 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 dropped their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $180.29.

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Marathon Petroleum Stock Performance

Marathon Petroleum stock traded down $17.83 during midday trading on Thursday, reaching $130.07. 2,008,936 shares of the company's stock were exchanged, compared to its average volume of 2,635,817. Marathon Petroleum Co. has a 52 week low of $129.77 and a 52 week high of $221.11. The firm has a market cap of $40.52 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 3.11 and a beta of 1.39. The stock's 50-day simple moving average is $148.53 and its 200 day simple moving average is $151.21. 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 released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during 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 revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.98 earnings per share. On average, analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. Marathon Petroleum's payout ratio is presently 36.66%.

Insider Buying and Selling

In related news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently 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.