Scotia Capital Inc. Has $769,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Scotia Capital Inc. cut its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 36.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,513 shares of the oil and gas company's stock after selling 3,126 shares during the quarter. Scotia Capital Inc.'s holdings in Marathon Petroleum were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC increased its holdings in Marathon Petroleum by 13.3% in the third quarter. Virtu Financial LLC now owns 4,373 shares of the oil and gas company's stock worth $712,000 after buying an additional 515 shares during the last quarter. Tudor Financial Inc. bought a new position in shares of Marathon Petroleum during the 3rd quarter valued at $823,000. Stock Yards Bank & Trust Co. boosted its holdings in Marathon Petroleum by 1.0% in the third quarter. Stock Yards Bank & Trust Co. now owns 12,038 shares of the oil and gas company's stock worth $1,961,000 after purchasing an additional 116 shares in the last quarter. World Investment Advisors LLC raised its holdings in Marathon Petroleum by 4,227.5% during the third quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company's stock valued at $11,364,000 after buying an additional 68,147 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Marathon Petroleum by 747.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock valued at $3,466,000 after acquiring an additional 18,764 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Marathon Petroleum stock traded up $3.48 during mid-day trading on Friday, hitting $127.55. 2,387,680 shares of the company were exchanged, compared to its average volume of 2,697,180. The company has a market capitalization of $39.74 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The business has a fifty day moving average of $141.36 and a 200 day moving average of $147.85. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $203.06. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced 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. The business 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 firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the company posted $3.98 EPS. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.85%. Marathon Petroleum's payout ratio is 36.66%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler lowered their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company decreased their price target on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Raymond James lowered their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Barclays reduced their price target on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a report on Monday. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.79.

Insider Transactions at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This 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 this link. Also, Director Evan Bayh bought 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares in the company, 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. Company insiders own 0.25% of the company's stock.

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.