Cozad Asset Management Inc. Sells 1,468 Shares of Marathon Petroleum Co. (NYSE:MPC)

Cozad Asset Management Inc. trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 35.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,623 shares of the oil and gas company’s stock after selling 1,468 shares during the quarter. Cozad Asset Management Inc.’s holdings in Marathon Petroleum were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. TCTC Holdings LLC increased its stake in shares of Marathon Petroleum by 3.3% in the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock worth $12,730,000 after acquiring an additional 2,892 shares in the last quarter. Counterpoint Mutual Funds LLC grew its position in Marathon Petroleum by 55.2% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 2,084 shares of the oil and gas company’s stock valued at $291,000 after purchasing an additional 741 shares during the last quarter. Cibc World Markets Corp grew its position in Marathon Petroleum by 382.2% during the 4th quarter. Cibc World Markets Corp now owns 223,913 shares of the oil and gas company’s stock valued at $31,236,000 after purchasing an additional 177,480 shares during the last quarter. Sovereign Investment Advisors LLC purchased a new stake in Marathon Petroleum during the 4th quarter valued at about $411,000. Finally, Harbour Investments Inc. grew its position in Marathon Petroleum by 8.3% during the 4th quarter. Harbour Investments Inc. now owns 4,772 shares of the oil and gas company’s stock valued at $666,000 after purchasing an additional 365 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MPC shares. TD Cowen reissued a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Barclays increased their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Piper Sandler dropped their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.13.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $146.00 on Wednesday. The firm’s 50 day moving average price is $148.56 and its 200-day moving average price is $152.54. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $45.48 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last released its earnings results 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. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $31.94 billion. During the same quarter last year, the business earned $3.98 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. Equities research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s payout ratio is 36.66%.

Insiders Place Their Bets

In other news, Director Evan Bayh bought 1,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

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.