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

O Shaughnessy Asset Management LLC lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & 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’s holdings in Marathon Petroleum were worth $61,055,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum in the 4th quarter valued at about $27,000. True Wealth Design LLC lifted its stake in Marathon Petroleum by 672.7% in the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. Asset Planning Inc acquired a new position in Marathon Petroleum during the fourth quarter worth approximately $28,000. Sierra Ocean LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at approximately $31,000. Finally, Cape Investment Advisory Inc. lifted its position in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 267 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. 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 reduced their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Mizuho lowered their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Raymond James restated a “strong-buy” rating on shares of Marathon Petroleum in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $180.21.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $144.05 on Friday. The stock’s fifty day moving average price is $148.74 and its two-hundred day moving average price is $151.51. The firm has a market cap of $44.88 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11.

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

Marathon Petroleum Dividend Announcement

The company 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. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.53%. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now owns 69,305 shares in the company, 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. Company insiders own 0.21% of the company’s stock.

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.