Price T Rowe Associates Inc. MD Has $405.44 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Price T Rowe Associates Inc. MD lessened its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,906,347 shares of the oil and gas company's stock after selling 461,920 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.90% of Marathon Petroleum worth $405,437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MPC. OLD Second National Bank of Aurora grew its stake in Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock valued at $139,000 after acquiring an additional 67 shares during the period. Nixon Peabody Trust Co. boosted its stake in shares of Marathon Petroleum by 3.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after acquiring an additional 68 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in Marathon Petroleum by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after purchasing an additional 69 shares during the last quarter. DT Investment Partners LLC grew its holdings in shares of Marathon Petroleum by 21.5% during the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock worth $55,000 after buying an additional 70 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Marathon Petroleum by 3.4% in the fourth quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock valued at $303,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MPC shares. Piper Sandler dropped their price objective 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. Morgan Stanley dropped their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday. Scotiabank lowered their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their price objective on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $174.21.

Insider Activity

In other news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. This 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 at this hyperlink. Also, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, with a total value 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 position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Performance

Shares of NYSE MPC traded up $0.14 during midday trading on Monday, hitting $137.58. The company's stock had a trading volume of 1,868,350 shares, compared to its average volume of 2,713,743. The firm has a market cap of $42.86 billion, a P/E ratio of 13.85, a P/E/G ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $201.36. The firm's fifty day moving average price is $138.67 and its 200-day moving average price is $146.12. 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 announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. The company had revenue of $33.47 billion during 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 firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.98 EPS. On average, sell-side analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

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.