Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,131 shares of the oil and gas company’s stock after selling 4,363 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Marathon Petroleum were worth $21,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in shares of Marathon Petroleum by 3.8% during the third quarter. CIBC Asset Management Inc now owns 53,571 shares of the oil and gas company’s stock worth $8,727,000 after buying an additional 1,950 shares during the period. GoalVest Advisory LLC boosted its holdings in Marathon Petroleum by 23.2% during the 3rd quarter. GoalVest Advisory LLC now owns 1,172 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 221 shares during the period. Atlanta Consulting Group Advisors LLC increased its stake in Marathon Petroleum by 2.5% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 8,902 shares of the oil and gas company’s stock worth $1,450,000 after purchasing an additional 215 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Marathon Petroleum during the third quarter worth about $26,000. Finally, Tower Bridge Advisors grew its holdings in shares of Marathon Petroleum by 54.8% in the third quarter. Tower Bridge Advisors now owns 6,780 shares of the oil and gas company’s stock valued at $1,105,000 after purchasing an additional 2,400 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Up 3.1 %

NYSE:MPC opened at $141.23 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average price is $148.36 and its 200 day moving average price is $152.93. Marathon Petroleum Co. has a 52-week low of $130.54 and a 52-week high of $221.11. The company has a market capitalization of $44.00 billion, a PE ratio of 14.22, a P/E/G ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results 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. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same period in the prior year, the business earned $3.98 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. On average, research analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.58%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen reissued a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Piper Sandler decreased their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Raymond James upped their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 17th. Finally, Mizuho decreased their price target on shares of 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.13.

Insider Buying and Selling

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. 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.