Brevan Howard Capital Management LP Sells 3,027 Shares of Marathon Petroleum Co. (NYSE:MPC)

Brevan Howard Capital Management LP trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,664 shares of the oil and gas company's stock after selling 3,027 shares during the period. Brevan Howard Capital Management LP's holdings in Marathon Petroleum were worth $3,999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MPC. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth about $27,000. Asset Planning Inc bought a new position in shares of Marathon Petroleum in the 4th quarter valued at approximately $28,000. Sierra Ocean LLC bought a new stake in Marathon Petroleum during the fourth quarter worth approximately $31,000. Cape Investment Advisory Inc. grew its holdings in Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $44,000. Institutional investors own 76.77% of the company's stock.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling bought 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly 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. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Price Performance

MPC stock traded up $5.39 during trading on Thursday, hitting $150.08. The company had a trading volume of 2,643,827 shares, compared to its average volume of 2,710,168. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average price of $136.94 and a two-hundred day moving average price of $145.21. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $184.72. The company has a market cap of $46.76 billion, a P/E ratio of 15.11, a P/E/G ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company's revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $2.58 earnings per share. Equities research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.43%. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Analyst Ratings Changes

Several research analysts recently commented on MPC shares. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. TD Cowen boosted their price objective on Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays lowered their target price on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Raymond James reduced their price objective on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley cut their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have given 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, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus target price of $172.93.

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.