Sovereign Investment Advisors LLC Takes Position in Marathon Petroleum Co. (NYSE:MPC)

Sovereign Investment Advisors LLC bought a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,947 shares of the oil and gas company's stock, valued at approximately $411,000.

Several other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. lifted its stake in Marathon Petroleum by 22.9% in the third quarter. Zions Bancorporation N.A. now owns 1,822 shares of the oil and gas company's stock worth $297,000 after purchasing an additional 340 shares during the last quarter. Balboa Wealth Partners purchased a new position in Marathon Petroleum during the 3rd quarter valued at $325,000. CIBC Asset Management Inc grew its position in Marathon Petroleum by 3.8% in the 3rd quarter. CIBC Asset Management Inc now owns 53,571 shares of the oil and gas company's stock valued at $8,727,000 after acquiring an additional 1,950 shares during the last quarter. Maxwell Wealth Strategies Inc. increased its stake in Marathon Petroleum by 15.1% in the third quarter. Maxwell Wealth Strategies Inc. now owns 18,131 shares of the oil and gas company's stock worth $2,712,000 after purchasing an additional 2,374 shares during the period. Finally, RIA Advisory Group LLC bought a new stake in shares of Marathon Petroleum during the third quarter worth $2,004,000. Institutional investors own 76.77% of the company's stock.

Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction dated 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 acquisition, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost 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 $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently commented on MPC shares. Barclays upped their price target on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Piper Sandler reduced their target price 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 raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. TD Cowen reissued a "buy" rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.13.

Marathon Petroleum Stock Up 1.4 %

NYSE:MPC traded up $2.10 during mid-day trading on Wednesday, hitting $148.10. 577,054 shares of the company's stock traded hands, compared to its average volume of 2,469,199. The company has a fifty day moving average of $148.56 and a 200 day moving average of $152.54. 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 Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a market capitalization of $46.14 billion, a P/E ratio of 14.91, a P/E/G ratio of 3.11 and a beta of 1.39.

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

Marathon Petroleum Announces Dividend

The company 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

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.