Centiva Capital LP Sells 23,843 Shares of Marathon Petroleum Co. (NYSE:MPC)

Centiva Capital LP reduced its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 79.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,342 shares of the oil and gas company's stock after selling 23,843 shares during the quarter. Centiva Capital LP's holdings in Marathon Petroleum were worth $885,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $27,000. Asset Planning Inc acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. lifted its stake in 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 acquiring an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $44,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler cut their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Barclays raised their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday. Raymond James reduced their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Scotiabank dropped their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $174.21.

Insider Buying and Selling

In other news, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Performance

NYSE MPC traded up $7.23 during trading on Monday, reaching $158.12. The company's stock had a trading volume of 3,419,126 shares, compared to its average volume of 2,718,593. 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 firm has a market capitalization of $48.58 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $183.31. The firm has a 50 day moving average price of $137.10 and a 200 day moving average price of $145.04.

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

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is 51.20%.

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.