GW Henssler & Associates Ltd. Reduces Stock Position in Marathon Petroleum Co. (NYSE:MPC)

GW Henssler & Associates Ltd. decreased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328,420 shares of the oil and gas company's stock after selling 19,716 shares during the quarter. Marathon Petroleum makes up 3.2% of GW Henssler & Associates Ltd.'s holdings, making the stock its 3rd largest holding. GW Henssler & Associates Ltd. owned about 0.09% of Marathon Petroleum worth $48,724,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gleason Group Inc. lifted its stake in shares of Marathon Petroleum by 75.2% during the 3rd quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company's stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Marathon Petroleum in the fourth quarter valued at about $32,000. Mascoma Wealth Management LLC purchased a new stake in Marathon Petroleum in the third quarter valued at about $43,000. Peoples Bank KS purchased a new stake in Marathon Petroleum in the third quarter valued at about $44,000. Finally, Exchange Traded Concepts LLC raised its stake in Marathon Petroleum by 811.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company's stock valued at $47,000 after buying an additional 284 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now directly owns 23,446 shares of the company's stock, valued at $3,994,026.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Trading Down 0.4 %

Marathon Petroleum stock traded down $0.94 during trading on Wednesday, reaching $211.18. 2,663,371 shares of the company were exchanged, compared to its average volume of 2,908,650. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11. The company has a market capitalization of $76.10 billion, a P/E ratio of 9.12, a PEG ratio of 2.06 and a beta of 1.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The stock's 50 day simple moving average is $183.68 and its two-hundred day simple moving average is $162.14.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same quarter in the previous year, the business earned $6.65 earnings per share. The company's revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities research analysts expect that Marathon Petroleum Co. will post 17.53 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a $0.825 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 dividend on an annualized basis and a yield of 1.56%. Marathon Petroleum's dividend payout ratio is currently 14.02%.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of research analyst reports. Mizuho increased their price target on Marathon Petroleum from $159.00 to $201.00 and gave the company a "neutral" rating in a research note on Friday, March 22nd. Bank of America raised their target price on Marathon Petroleum from $185.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, March 15th. JPMorgan Chase & Co. raised their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday, April 1st. Barclays raised their target price on Marathon Petroleum from $168.00 to $221.00 and gave the stock an "overweight" rating in a report on Friday, April 5th. Finally, Piper Sandler raised their target price on Marathon Petroleum from $159.00 to $204.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.58.

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.

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