Cerity Partners LLC Has $20.50 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Cerity Partners LLC raised its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 22.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,198 shares of the oil and gas company's stock after purchasing an additional 25,573 shares during the quarter. Cerity Partners LLC's holdings in Marathon Petroleum were worth $20,503,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Aspire Private Capital LLC grew its holdings in shares of Marathon Petroleum by 4.4% in the third quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company's stock worth $523,000 after purchasing an additional 145 shares during the last quarter. Allworth Financial LP increased its position in shares of Marathon Petroleum by 3.2% during the fourth quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company's stock worth $1,617,000 after acquiring an additional 340 shares during the period. Brandywine Global Investment Management LLC raised its stake in shares of Marathon Petroleum by 9.1% during the third quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company's stock valued at $87,753,000 after acquiring an additional 48,540 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Marathon Petroleum by 6.4% in the fourth quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company's stock valued at $1,324,000 after purchasing an additional 537 shares during the period. Finally, Trust Point Inc. bought a new position in Marathon Petroleum in the fourth quarter worth approximately $738,000. Institutional investors own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

MPC has been the subject of several research reports. Raymond James upped their target price on Marathon Petroleum from $175.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Wednesday, January 31st. Barclays boosted their price target on shares of Marathon Petroleum from $168.00 to $221.00 and gave the company an "overweight" rating in a report on Friday, April 5th. TD Cowen upped their price target on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $159.00 to $204.00 and gave the company a "neutral" rating in a report on Friday, April 5th. Finally, Citigroup initiated coverage on Marathon Petroleum in a report on Wednesday, January 24th. They set a "neutral" rating for the company. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $193.77.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the business's 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 transaction, the director now directly owns 23,446 shares of the company's stock, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.

Marathon Petroleum Price Performance

Shares of MPC stock traded down $3.50 during mid-day trading on Friday, hitting $208.77. 2,086,940 shares of the stock were exchanged, compared to its average volume of 2,845,357. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. The company has a market cap of $75.23 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.98 and a beta of 1.52. The firm has a fifty day moving average of $186.34 and a 200 day moving average of $163.37.

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

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.58%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum's dividend payout ratio (DPR) is presently 14.02%.

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.