1,900 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,900 shares of the oil and gas company's stock, valued at approximately $265,000.

Several other large investors have also bought and sold shares of MPC. OLD Second National Bank of Aurora lifted its stake in Marathon Petroleum by 7.2% during 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. grew its holdings 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 period. Lake Street Advisors Group LLC increased its position in Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock valued at $596,000 after acquiring an additional 69 shares during the last quarter. American Trust lifted its holdings in Marathon Petroleum by 5.3% in the third quarter. American Trust now owns 1,397 shares of the oil and gas company's stock valued at $228,000 after acquiring an additional 70 shares during the period. Finally, DT Investment Partners LLC boosted its position in Marathon Petroleum by 21.5% in the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 70 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

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Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded down $1.88 during trading on Tuesday, reaching $143.82. 602,039 shares of the stock traded hands, compared to its average volume of 2,638,477. Marathon Petroleum Co. has a 52-week low of $130.54 and a 52-week 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 business has a fifty day simple moving average of $148.60 and a two-hundred day simple moving average of $151.35. The company has a market capitalization of $44.80 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 3.11 and a beta of 1.39.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same quarter in the previous year, the company posted $3.98 EPS. The company's revenue was down 9.1% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Insiders Place Their Bets

In other news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, 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 insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MPC shares. Piper Sandler lowered their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Raymond James reiterated a "strong-buy" rating on shares of Marathon Petroleum in a research report on Thursday. Wells Fargo & Company upped their price target on Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, Mizuho cut their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $180.21.

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.