Schonfeld Strategic Advisors LLC Sells 25,633 Shares of Marathon Petroleum Co. (NYSE:MPC)

Schonfeld Strategic Advisors LLC lessened its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 90.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,827 shares of the oil and gas company's stock after selling 25,633 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Marathon Petroleum were worth $394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock worth $1,389,630,000 after acquiring an additional 4,367,774 shares during the period. Demars Financial Group LLC boosted its position in shares of Marathon Petroleum by 16,338.3% during the 4th quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after purchasing an additional 4,151,722 shares in the last quarter. Norges Bank acquired a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $453,427,000. Boston Partners raised its holdings in shares of Marathon Petroleum by 37.4% in the 4th quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after purchasing an additional 935,042 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Marathon Petroleum by 22.3% during the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after purchasing an additional 647,045 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on MPC shares. TD Cowen lifted their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Raymond James cut their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Scotiabank decreased their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Piper Sandler dropped their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Wells Fargo & Company raised their target price on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.29.

Marathon Petroleum Stock Up 0.5%

Shares of Marathon Petroleum stock traded up $0.80 on Wednesday, hitting $163.64. 2,291,155 shares of the company traded hands, compared to its average volume of 2,726,186. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a market cap of $50.27 billion, a PE ratio of 16.48, a PEG ratio of 3.11 and a beta of 0.87. The company has a 50-day moving average price of $138.07 and a 200 day moving average price of $145.21.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 12.07% and a net margin of 2.45%. The firm's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 earnings per share. Sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's payout ratio is presently 51.20%.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Evan Bayh acquired 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, with a total value of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. The trade was a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

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.