O Shaughnessy Asset Management LLC Sells 43,055 Shares of Marathon Petroleum Co. (NYSE:MPC)

O Shaughnessy Asset Management LLC cut its stake in Marathon Petroleum Co. (NYSE:MPC) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 437,672 shares of the oil and gas company’s stock after selling 43,055 shares during the period. O Shaughnessy Asset Management LLC owned about 0.14% of Marathon Petroleum worth $61,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MPC. OLD Second National Bank of Aurora lifted its holdings in shares of Marathon Petroleum by 7.2% during the fourth quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock valued at $139,000 after acquiring an additional 67 shares during the period. Nixon Peabody Trust Co. increased its position in shares of Marathon Petroleum by 3.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 68 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in Marathon Petroleum by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $596,000 after purchasing an additional 69 shares during the last quarter. American Trust boosted its position in Marathon Petroleum by 5.3% in the third quarter. American Trust now owns 1,397 shares of the oil and gas company’s stock valued at $228,000 after buying an additional 70 shares in the last quarter. Finally, DT Investment Partners LLC grew its stake in Marathon Petroleum by 21.5% during the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock worth $55,000 after buying an additional 70 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 2.2 %

NYSE:MPC opened at $144.05 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11. The firm has a market capitalization of $44.88 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 3.11 and a beta of 1.39. The business’s 50-day moving average price is $148.74 and its two-hundred day moving average price is $151.51.

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

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.53%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s payout ratio is presently 36.66%.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum 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 price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays increased their price target on Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Mizuho lowered their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler reduced their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $180.21.

Marathon Petroleum 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.