Marathon Petroleum Co. (NYSE:MPC) Shares Sold by DRW Securities LLC

DRW Securities LLC reduced its stake in Marathon Petroleum Co. (NYSE:MPC) by 20.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,402 shares of the oil and gas company’s stock after selling 3,513 shares during the period. DRW Securities LLC’s holdings in Marathon Petroleum were worth $1,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $27,000. Asset Planning Inc acquired a new stake in Marathon Petroleum during the 4th quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in Marathon Petroleum during the 4th quarter valued at about $31,000. Cape Investment Advisory Inc. increased its holdings in shares of 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 period. Finally, OFI Invest Asset Management acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $44,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $118.47 on Wednesday. The stock has a market capitalization of $36.91 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $218.00. The firm has a 50-day simple moving average of $145.48 and a 200-day simple moving average of $149.72.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.98 earnings per share. On average, equities analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s payout ratio is presently 36.66%.

Analysts Set New Price Targets

Several brokerages have commented on MPC. Mizuho decreased their price objective 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. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Barclays raised their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Raymond James reiterated a “strong-buy” rating and issued a $193.00 target price on shares of Marathon Petroleum in a research note on Thursday, March 27th. Finally, Piper Sandler cut their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.29.

Insiders Place Their Bets

In related news, insider Ricky D. Hessling purchased 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares in the company, 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 owned by insiders.

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.