Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 15.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,466 shares of the oil and gas company’s stock after selling 1,542 shares during the period. Tranquility Partners LLC’s holdings in Marathon Petroleum were worth $1,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Acadian Asset Management LLC increased its stake in Marathon Petroleum by 19.4% during the 1st quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock worth $479,000 after buying an additional 910 shares during the period. Cibc World Market Inc. purchased a new stake in Marathon Petroleum during the 1st quarter worth $282,000. Vontobel Holding Ltd. increased its stake in Marathon Petroleum by 1.6% during the 1st quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock worth $1,584,000 after buying an additional 293 shares during the period. Sei Investments Co. increased its stake in Marathon Petroleum by 25.1% during the 1st quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock worth $7,800,000 after buying an additional 18,230 shares during the period. Finally, Moors & Cabot Inc. increased its stake in Marathon Petroleum by 11.0% during the 1st quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock worth $807,000 after buying an additional 937 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MPC shares. Raymond James boosted their target price on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. Citigroup started coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They issued a “neutral” rating for the company. Piper Sandler boosted their target price on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Barclays boosted their target price on shares of Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Mizuho boosted their price objective on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.77.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now directly owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Stock Performance

Marathon Petroleum stock traded down $1.44 during midday trading on Wednesday, reaching $202.42. 1,816,512 shares of the stock traded hands, compared to its average volume of 2,851,305. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The firm has a fifty day moving average price of $187.80 and a two-hundred day moving average price of $164.11. The firm has a market cap of $72.94 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.97 and a beta of 1.52. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The firm had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. Marathon Petroleum’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $6.65 EPS. On average, equities research analysts forecast that Marathon Petroleum Co. will post 17.53 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s payout ratio is 14.02%.

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.