Lingohr Asset Management GmbH Decreases Stake in Marathon Petroleum Co. (NYSE:MPC)

Lingohr Asset Management GmbH lessened its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 61.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,565 shares of the oil and gas company’s stock after selling 2,485 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Marathon Petroleum were worth $212,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Claro Advisors LLC raised its stake in Marathon Petroleum by 32.5% during the third quarter. Claro Advisors LLC now owns 1,710 shares of the oil and gas company’s stock valued at $279,000 after purchasing an additional 419 shares in the last quarter. BIP Wealth LLC purchased a new stake in shares of Marathon Petroleum during the 3rd quarter valued at about $231,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $4,876,000. West Family Investments Inc. grew its position in Marathon Petroleum by 10.7% in the third quarter. West Family Investments Inc. now owns 2,405 shares of the oil and gas company’s stock worth $392,000 after acquiring an additional 233 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Marathon Petroleum during the third quarter worth approximately $57,000. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MPC shares. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. TD Cowen reissued a “buy” rating and issued a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Mizuho dropped their price target 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. Finally, Piper Sandler cut 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.13.

Insiders Place Their Bets

In related news, insider Ricky D. Hessling acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares of the company’s stock, valued at $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 link. Also, Director Evan Bayh bought 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. The trade was a 1.46 % 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 Stock Up 2.3 %

Shares of NYSE:MPC opened at $149.37 on Thursday. The business’s 50 day moving average is $148.70 and its 200 day moving average is $152.52. The stock has a market cap of $46.53 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 52-week low of $130.54 and a 52-week 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.

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

Marathon Petroleum Dividend Announcement

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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

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.