Nisa Investment Advisors LLC Sells 12,928 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Nisa Investment Advisors LLC reduced its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 6.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Fourth Dimension Wealth LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at $26,000. Decker Retirement Planning Inc. grew its position in Marathon Petroleum by 1,621.4% during the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after buying an additional 227 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the 1st quarter valued at about $35,000. Capital A Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $52,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $55,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director owned 18,944 shares in the company, valued at $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Trading Down 1.3%

Shares of MPC stock traded down $2.45 during mid-day trading on Friday, reaching $179.81. The stock had a trading volume of 4,388,192 shares, compared to its average volume of 2,718,024. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. The stock's 50-day moving average price is $163.74 and its two-hundred day moving average price is $149.90. The firm has a market capitalization of $55.24 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.58 and a beta of 0.88. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week 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) EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 EPS. Equities analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.02%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Mizuho lifted their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays increased their target price on Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday. Morgan Stanley dropped their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.38.

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.