Mercer Global Advisors Inc. ADV Decreases Holdings in Marathon Petroleum Co. (NYSE:MPC)

Mercer Global Advisors Inc. ADV lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 29.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 126,266 shares of the oil and gas company's stock after selling 53,811 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Marathon Petroleum were worth $17,614,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora lifted its position in shares of Marathon Petroleum by 7.2% during the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock worth $139,000 after purchasing an additional 67 shares during the last quarter. Nixon Peabody Trust Co. boosted its position in shares of Marathon Petroleum by 3.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock valued at $288,000 after acquiring an additional 68 shares during the period. Lake Street Advisors Group LLC grew its stake in shares of Marathon Petroleum by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after acquiring an additional 69 shares during the last quarter. DT Investment Partners LLC raised its stake in Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock valued at $55,000 after purchasing an additional 70 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock valued at $303,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Analysts Set New Price Targets

MPC has been the topic of a number of recent research reports. Piper Sandler decreased their target price 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. Wells Fargo & Company cut their target price on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Raymond James decreased their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley decreased their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.21.

Marathon Petroleum Price Performance

Marathon Petroleum stock traded up $1.55 during mid-day trading on Tuesday, reaching $144.88. The company had a trading volume of 3,303,410 shares, compared to its average volume of 2,701,256. 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 fifty-two week low of $115.10 and a fifty-two week high of $184.72. The company has a market cap of $45.13 billion, a P/E ratio of 14.59, a P/E/G ratio of 3.11 and a beta of 0.87. The business has a fifty day simple moving average of $137.02 and a 200 day simple moving average of $145.26.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced 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 firm had revenue of $31.85 billion for the quarter, compared to analyst estimates 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 for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm posted $2.58 earnings per share. On average, equities research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

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 paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.51%. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Insider Activity

In other Marathon Petroleum news, insider Ricky D. Hessling purchased 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 purchase, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares of the company's stock, valued at approximately $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 currently owned by company insiders.

Marathon Petroleum 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.