XTX Topco Ltd Trims Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

XTX Topco Ltd cut its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 73.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,969 shares of the oil and gas company's stock after selling 11,239 shares during the period. XTX Topco Ltd's holdings in Marathon Petroleum were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth about $27,000. Asset Planning Inc purchased a new stake in Marathon Petroleum during the fourth quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. increased its stake in Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $44,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

Marathon Petroleum stock traded up $3.13 during midday trading on Wednesday, reaching $134.52. 2,996,292 shares of the company were exchanged, compared to its average volume of 2,702,190. The company has a market capitalization of $41.91 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm's 50-day simple moving average is $139.90 and its 200-day simple moving average is $146.85. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $201.36.

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

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid 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 2.71%. Marathon Petroleum's payout ratio is currently 36.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler dropped their price target on 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 Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Scotiabank lowered their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays cut their price target on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $175.79.

Insider Buying and Selling

In related news, insider Ricky D. Hessling acquired 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Evan Bayh bought 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, with a total value 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 position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company insiders.

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.