Tranquility Partners LLC Trims Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Tranquility Partners LLC decreased its position in Marathon Petroleum Co. (NYSE:MPC) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,466 shares of the oil and gas company’s stock after selling 1,542 shares during the period. Tranquility Partners LLC’s holdings in Marathon Petroleum were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPC. Morgan Stanley grew its position in Marathon Petroleum by 1.1% during the 4th quarter. Morgan Stanley now owns 7,851,320 shares of the oil and gas company’s stock worth $913,815,000 after purchasing an additional 85,809 shares during the period. Northern Trust Corp grew its position in shares of Marathon Petroleum by 1.0% during the 3rd quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock valued at $685,088,000 after acquiring an additional 43,989 shares during the period. Raymond James & Associates grew its position in shares of Marathon Petroleum by 2.4% during the 4th quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company’s stock valued at $608,581,000 after acquiring an additional 96,753 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of Marathon Petroleum by 121,130.8% during the 4th 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 acquiring an additional 3,939,174 shares during the period. Finally, Norges Bank acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $453,190,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MPC shares. Barclays lifted their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Mizuho raised their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Citigroup assumed coverage on shares of Marathon Petroleum in a research note on Wednesday, January 24th. They issued a “neutral” rating on the stock. TD Cowen raised their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.77.

Marathon Petroleum Stock Down 0.7 %

NYSE:MPC traded down $1.44 during trading hours on Wednesday, hitting $202.42. The company’s stock had a trading volume of 1,816,512 shares, compared to its average volume of 2,851,305. The stock has a market capitalization of $72.94 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 1.97 and a beta of 1.52. The stock has a fifty day moving average of $187.80 and a 200-day moving average of $164.11. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating the consensus estimate of $2.21 by $1.77. The firm had revenue of $36.26 billion for 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%. Marathon Petroleum’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.65 earnings per share. On average, equities analysts forecast that Marathon Petroleum Co. will post 17.53 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a $0.825 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 annualized dividend and a yield of 1.63%. Marathon Petroleum’s dividend payout ratio is presently 14.02%.

About Marathon Petroleum

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.