Gotham Asset Management LLC Has $10.77 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Gotham Asset Management LLC decreased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,180 shares of the oil and gas company's stock after selling 44,476 shares during the quarter. Gotham Asset Management LLC's holdings in Marathon Petroleum were worth $10,767,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum during the 4th quarter valued at about $27,000. Asset Planning Inc bought a new position in Marathon Petroleum during the fourth quarter worth about $28,000. Sierra Ocean LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $31,000. Cape Investment Advisory Inc. raised its position 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 acquiring an additional 267 shares during the period. Finally, OFI Invest Asset Management bought a new position in Marathon Petroleum during the 4th quarter worth approximately $44,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

NYSE:MPC traded up $1.95 during mid-day trading on Thursday, hitting $165.47. The stock had a trading volume of 2,300,033 shares, compared to its average volume of 2,716,783. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31. 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 stock has a market cap of $50.83 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 3.11 and a beta of 0.87. The company's 50 day simple moving average is $138.59 and its 200 day simple moving average is $145.34.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. During the same period last year, the firm posted $2.58 earnings per share. The business's revenue was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

Insiders Place Their Bets

In related news, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired 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 directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MPC shares. Barclays lifted their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday. Wells Fargo & Company increased their price target on Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday. Mizuho lifted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Tuesday. Piper Sandler lowered their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Morgan Stanley reduced their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.29.

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.