Elo Mutual Pension Insurance Co Lowers Holdings in Marathon Petroleum Co. (NYSE:MPC)

Elo Mutual Pension Insurance Co trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,543 shares of the oil and gas company’s stock after selling 2,945 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Marathon Petroleum were worth $4,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Marathon Petroleum by 3.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 513,792 shares of the oil and gas company’s stock worth $73,339,000 after buying an additional 16,622 shares during the last quarter. Korea Investment CORP increased its position in shares of Marathon Petroleum by 5.5% in the 4th quarter. Korea Investment CORP now owns 256,928 shares of the oil and gas company’s stock valued at $35,841,000 after acquiring an additional 13,362 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Marathon Petroleum in the fourth quarter worth about $837,000. Ausdal Financial Partners Inc. raised its position in Marathon Petroleum by 37.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 2,244 shares of the oil and gas company’s stock worth $313,000 after buying an additional 607 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. raised its holdings in shares of Marathon Petroleum by 45.9% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,150 shares of the oil and gas company’s stock worth $300,000 after purchasing an additional 676 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now owns 12,162 shares of the company’s stock, valued at $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 accessible through the SEC website. Also, Director Evan Bayh purchased 1,000 shares of the firm’s 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 completion of the acquisition, the director now owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. This trade represents 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 currently owned by insiders.

Marathon Petroleum Trading Down 1.7 %

NYSE MPC opened at $147.25 on Friday. The firm has a 50 day simple moving average of $148.92 and a 200-day simple moving average of $151.72. The firm has a market cap of $45.87 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11.

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. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the previous year, the company posted $3.98 earnings per share. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.47%. Marathon Petroleum’s payout ratio is currently 36.66%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of analyst reports. Raymond James boosted their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. Wells Fargo & Company raised their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Mizuho lowered their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Piper Sandler lowered their target price on 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 assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.21.

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.