Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,662,136 shares of the oil and gas company's stock after selling 117,626 shares during the period. Ameriprise Financial Inc. owned about 1.45% of Marathon Petroleum worth $650,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $27,000. Asset Planning Inc acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. boosted its stake 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 worth $42,000 after acquiring an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Trading Up 0.1 %

Shares of Marathon Petroleum stock traded up $0.15 on Wednesday, reaching $144.70. The company had a trading volume of 3,135,236 shares, compared to its average volume of 2,706,969. The firm's 50 day moving average price is $136.85 and its two-hundred day moving average price is $145.26. 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 52-week low of $115.10 and a 52-week high of $184.72. The firm has a market cap of $45.08 billion, a PE ratio of 14.57, a PEG ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. During the same period in the prior year, the firm earned $2.58 earnings per share. The firm's revenue was down 4.1% compared to the same quarter last year. Sell-side analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Analyst Ratings Changes

Several brokerages have issued reports on MPC. Raymond James lowered their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company dropped their price objective on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Piper Sandler decreased their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Scotiabank dropped their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.93.

Insiders Place Their Bets

In related news, Director Evan Bayh bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the business's stock in a transaction on 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 acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.