Prudential Financial Inc. Has $25.19 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Prudential Financial Inc. trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 20.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,578 shares of the oil and gas company's stock after selling 47,672 shares during the quarter. Prudential Financial Inc. owned 0.06% of Marathon Petroleum worth $25,191,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Congress Wealth Management LLC DE acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $360,000. Stevens Capital Management LP acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $473,000. Intellus Advisors LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth about $252,000. Mizuho Securities USA LLC grew its holdings in shares of Marathon Petroleum by 40.4% during the fourth quarter. Mizuho Securities USA LLC now owns 30,460 shares of the oil and gas company's stock worth $4,249,000 after buying an additional 8,758 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Marathon Petroleum in the 4th quarter valued at approximately $2,283,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

Marathon Petroleum stock traded up $1.75 during mid-day trading on Monday, hitting $145.85. 2,483,358 shares of the company's stock traded hands, compared to its average volume of 2,646,433. 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 firm has a 50 day simple moving average of $148.60 and a two-hundred day simple moving average of $151.35. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The stock has a market cap of $45.44 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 3.11 and a beta of 1.39.

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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 (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $31.94 billion. During the same quarter last year, the company posted $3.98 EPS. Marathon Petroleum's quarterly revenue was down 9.1% compared to the same quarter last year. On average, research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MPC shares. TD Cowen reaffirmed a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Raymond James reaffirmed a "strong-buy" rating on shares of Marathon Petroleum in a research report on Thursday. Piper Sandler cut their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Barclays lifted their target price on Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $180.21.

Insider Transactions at Marathon Petroleum

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 purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction that occurred on 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 $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. 0.21% of the stock is 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.