Janus Henderson Group PLC Sells 35,291 Shares of Marathon Petroleum Co. (NYSE:MPC)

Janus Henderson Group PLC decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 737,907 shares of the oil and gas company's stock after selling 35,291 shares during the quarter. Janus Henderson Group PLC owned 0.23% of Marathon Petroleum worth $102,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MPC. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $27,000. Asset Planning Inc purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $31,000. Cape Investment Advisory Inc. grew its holdings in shares of Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Up 1.2%

MPC stock traded up $1.95 during midday trading on Thursday, hitting $165.47. The company had a trading volume of 2,300,033 shares, compared to its average volume of 2,717,464. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. The stock's 50 day moving average price is $138.59 and its 200 day moving average price is $145.34. 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.

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

Marathon Petroleum Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.20%. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Morgan Stanley cut their target price 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. Barclays upped their target price on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday. Piper Sandler cut 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, Mizuho upped their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.29.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now 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 disclosure for this purchase can be found here. 0.21% of the stock is 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.