Nisa Investment Advisors LLC Has $27.69 Million Stake in Marathon Petroleum Corporation (NYSE:MPC)

Nisa Investment Advisors LLC lessened its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 190,090 shares of the oil and gas company's stock after selling 12,928 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of Marathon Petroleum worth $27,694,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MPC. Fourth Dimension Wealth LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. boosted its holdings in shares of Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after buying an additional 227 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the first quarter valued at approximately $35,000. Capital A Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $52,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $55,000. Institutional investors own 76.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MPC. UBS Group boosted their price objective on shares of Marathon Petroleum from $175.00 to $203.00 and gave the stock a "buy" rating in a research report on Thursday. Mizuho boosted their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Piper Sandler boosted their price objective on shares of Marathon Petroleum from $157.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Barclays boosted their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $180.44.

Marathon Petroleum Stock Performance

Shares of MPC traded up $3.02 during trading hours on Thursday, hitting $182.29. The company had a trading volume of 3,765,797 shares, compared to its average volume of 2,709,321. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average of $162.09 and a 200-day moving average of $149.26. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31. The firm has a market cap of $56.00 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.47 and a beta of 0.88.

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, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same period in the prior year, the company posted $2.58 earnings per share. Marathon Petroleum's revenue was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.00%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Insider Activity at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company's stock.

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.