Tidal Investments LLC Lowers Stake in Marathon Petroleum Co. (NYSE:MPC)

Tidal Investments LLC trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,330 shares of the oil and gas company's stock after selling 5,115 shares during the period. Tidal Investments LLC's holdings in Marathon Petroleum were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Marathon Petroleum by 78.1% during the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after purchasing an additional 4,367,774 shares during the period. Bank of New York Mellon Corp raised its holdings in Marathon Petroleum by 7.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company's stock valued at $670,151,000 after acquiring an additional 315,786 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Marathon Petroleum by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,399,977 shares of the oil and gas company's stock valued at $613,624,000 after acquiring an additional 452,043 shares during the period. Demars Financial Group LLC raised its stake in Marathon Petroleum by 16,338.3% during the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock worth $582,710,000 after acquiring an additional 4,151,722 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Marathon Petroleum by 14.0% during the fourth quarter. Northern Trust Corp now owns 3,937,348 shares of the oil and gas company's stock worth $549,260,000 after acquiring an additional 484,438 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded down $1.02 during trading on Thursday, hitting $157.60. 379,456 shares of the stock traded hands, compared to its average volume of 2,696,826. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock has a market cap of $48.42 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 3.11 and a beta of 0.87. The firm's fifty day moving average is $142.15 and its 200-day moving average is $146.17. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31.

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

Marathon Petroleum Announces Dividend

The firm 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 $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.31%. Marathon Petroleum's payout ratio is 51.20%.

Insider Activity

In other Marathon Petroleum news, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost 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 in the company, valued at approximately $1,638,464.64. This trade represents a 19.68% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The shares were acquired 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 owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on MPC. Raymond James decreased their price target on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Scotiabank dropped their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Barclays boosted their price target on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Morgan Stanley decreased their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $175.29.

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.