Marathon Petroleum Co. (NYSE:MPC) Stock Holdings Lessened by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 353,387 shares of the oil and gas company's stock after selling 11,430 shares during the period. PNC Financial Services Group Inc. owned approximately 0.11% of Marathon Petroleum worth $49,297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in shares of Marathon Petroleum during the third quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $27,000. MeadowBrook Investment Advisors LLC boosted its stake in shares of Marathon Petroleum by 88.9% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after buying an additional 80 shares during the period. True Wealth Design LLC grew its position in shares of Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after buying an additional 148 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $28,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Down 0.2 %

Marathon Petroleum stock traded down $0.31 during trading on Thursday, reaching $136.82. The company had a trading volume of 1,883,959 shares, compared to its average volume of 2,511,372. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11. The firm has a market capitalization of $42.77 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The stock's 50 day moving average price is $148.48 and its two-hundred day moving average price is $153.50.

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

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.66%. Marathon Petroleum's payout ratio is currently 36.66%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Piper Sandler decreased their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. TD Cowen restated a "buy" rating and issued a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Raymond James upped their target price on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $182.00.

Insider Buying and Selling

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