Marathon Petroleum Co. (NYSE:MPC) Position Cut by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN trimmed its stake in Marathon Petroleum Co. (NYSE:MPC) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 89,066 shares of the oil and gas company’s stock after selling 1,525 shares during the quarter. Marathon Petroleum accounts for approximately 3.5% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 11th biggest holding. Kirr Marbach & Co. LLC IN’s holdings in Marathon Petroleum were worth $13,214,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its holdings in shares of Marathon Petroleum by 121,130.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,942,426 shares of the oil and gas company’s stock valued at $458,859,000 after purchasing an additional 3,939,174 shares during the period. Norges Bank acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at $453,190,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Marathon Petroleum by 22,119.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,227,468 shares of the oil and gas company’s stock valued at $190,449,000 after purchasing an additional 2,217,443 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the third quarter valued at $109,099,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Marathon Petroleum by 127.0% during the third quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock valued at $186,536,000 after purchasing an additional 689,576 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Down 1.7 %

Shares of Marathon Petroleum stock traded down $3.62 during trading on Tuesday, hitting $203.40. 558,046 shares of the stock traded hands, compared to its average volume of 2,850,691. The stock has a market cap of $73.29 billion, a P/E ratio of 8.80, a PEG ratio of 1.98 and a beta of 1.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The company has a fifty day moving average price of $187.05 and a two-hundred day moving average price of $163.74.

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

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s payout ratio is 14.02%.

Insider Activity at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MPC. The Goldman Sachs Group raised their price target on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a report on Friday, March 22nd. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Piper Sandler lifted their target price on Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Bank of America lifted their target price on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. lifted their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $193.77.

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.