USS Investment Management Ltd Has $1.04 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

USS Investment Management Ltd lessened its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 57.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,466 shares of the oil and gas company's stock after selling 10,134 shares during the period. USS Investment Management Ltd's holdings in Marathon Petroleum were worth $1,042,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at $27,000. Asset Planning Inc bought a new stake in Marathon Petroleum during the 4th quarter worth about $28,000. Sierra Ocean LLC acquired a new position in Marathon Petroleum during the 4th quarter valued at about $31,000. Cape Investment Advisory Inc. boosted its stake in shares of 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 purchasing an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Marathon Petroleum in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Raymond James dropped their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Piper Sandler reduced their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. TD Cowen increased their target price on Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company raised their target price on Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $175.29.

Marathon Petroleum Stock Down 2.4%

MPC stock traded down $3.89 during trading hours on Wednesday, reaching $158.44. 1,513,602 shares of the stock were exchanged, compared to its average volume of 2,705,925. The company has a market cap of $48.67 billion, a price-to-earnings ratio of 15.96, a PEG 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 12 month low of $115.10 and a 12 month high of $183.31. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

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, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the firm earned $2.58 EPS. Marathon Petroleum's revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Insider Buying and Selling

In related news, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired 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 directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This represents a 19.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Evan Bayh bought 1,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46% increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

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.