Man Group plc Has $2.13 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Man Group plc trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,261 shares of the oil and gas company's stock after selling 6,984 shares during the quarter. Man Group plc's holdings in Marathon Petroleum were worth $2,129,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $27,000. Asset Planning Inc acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $28,000. Sierra Ocean LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $31,000. Cape Investment Advisory Inc. raised its position in Marathon Petroleum by 762.9% in the 4th 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. Finally, OFI Invest Asset Management bought a new stake in Marathon Petroleum in the 4th quarter valued at approximately $44,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MPC. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Scotiabank decreased their target price on shares of 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. TD Cowen boosted their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Raymond James decreased their price target on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler cut their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $175.29.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. The trade was a 1.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the company's stock in a transaction dated 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 directly owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This trade represents a 19.68% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded down $3.03 on Wednesday, reaching $159.30. 267,119 shares of the stock were exchanged, compared to its average volume of 2,699,824. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a market cap of $48.94 billion, a PE ratio of 16.05, a P/E/G ratio of 3.11 and a beta of 0.87. The firm's 50 day moving average is $141.98 and its 200-day moving average is $146.08. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $183.31.

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) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 earnings per share. As a group, 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. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.28%. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

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.