O Shaughnessy Asset Management LLC Decreases Stake in Marathon Petroleum Corporation $MPC

O Shaughnessy Asset Management LLC lowered its stake in shares of Marathon Petroleum Corporation (NYSE:MPCFree Report) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 276,436 shares of the oil and gas company’s stock after selling 5,023 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Marathon Petroleum were worth $44,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MPC. Navalign LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth $31,000. Berbice Capital Management LLC lifted its position in shares of Marathon Petroleum by 100.0% during the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. WFA of San Diego LLC purchased a new position in Marathon Petroleum during the 2nd quarter valued at about $33,000. Finally, Ares Financial Consulting LLC purchased a new position in Marathon Petroleum during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of recent analyst reports. TD Cowen lifted their target price on Marathon Petroleum to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Scotiabank raised their price target on shares of Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group raised their price target on shares of Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research raised shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Finally, Piper Sandler raised their price target on shares of Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $268.50.

Get Our Latest Research Report on MPC

Insiders Place Their Bets

In related news, insider Ricky D. Hessling sold 1,626 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares in the company, valued at $1,717,054.50. The trade was a 17.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 4,473 shares of company stock valued at $1,015,428. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Up 0.1%

Shares of NYSE MPC opened at $262.26 on Monday. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $272.46. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $76.56 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 0.42 and a beta of 0.52. The business has a 50-day moving average of $242.90 and a 200-day moving average of $210.11.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. Marathon Petroleum’s revenue was up 8.5% on a year-over-year basis. Sell-side analysts expect that Marathon Petroleum Corporation will post 30.05 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. Marathon Petroleum’s payout ratio is presently 26.11%.

Marathon Petroleum Profile

(Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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