Occudo Quantitative Strategies LP Cuts Stake in Marathon Petroleum Co. (NYSE:MPC)

Occudo Quantitative Strategies LP lowered its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 68.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,724 shares of the oil and gas company's stock after selling 19,134 shares during the period. Occudo Quantitative Strategies LP's holdings in Marathon Petroleum were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. OMERS ADMINISTRATION Corp increased its stake in shares of Marathon Petroleum by 19.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 15,717 shares of the oil and gas company's stock worth $2,193,000 after acquiring an additional 2,522 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Marathon Petroleum by 16.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,913 shares of the oil and gas company's stock worth $5,148,000 after acquiring an additional 5,340 shares during the period. Lazard Asset Management LLC increased its stake in shares of Marathon Petroleum by 24.5% in the fourth quarter. Lazard Asset Management LLC now owns 5,324 shares of the oil and gas company's stock worth $742,000 after acquiring an additional 1,049 shares during the period. LRI Investments LLC increased its stake in shares of Marathon Petroleum by 85.3% in the fourth quarter. LRI Investments LLC now owns 908 shares of the oil and gas company's stock worth $127,000 after acquiring an additional 418 shares during the period. Finally, Laurion Capital Management LP grew its position in Marathon Petroleum by 42.8% during the fourth quarter. Laurion Capital Management LP now owns 7,049 shares of the oil and gas company's stock valued at $983,000 after buying an additional 2,112 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Insiders Place Their Bets

In related news, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Evan Bayh purchased 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The stock was bought 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 in the company, valued at approximately $9,266,078.50. This trade 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 insiders.

Analyst Ratings Changes

MPC has been the topic of several analyst reports. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Barclays raised their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Wells Fargo & Company raised their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday. TD Cowen raised their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Scotiabank dropped their target price on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given 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 an average rating of "Moderate Buy" and an average target price of $175.29.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded down $1.22 during midday trading on Friday, hitting $164.07. The company's stock had a trading volume of 2,836,057 shares, compared to its average volume of 2,717,656. The business's 50 day simple moving average is $139.76 and its 200 day simple moving average is $145.56. 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 company has a market cap of $50.40 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company'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, analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Marathon Petroleum Company 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.