Yarbrough Capital LLC Trims Stock Holdings in Marathon Petroleum Corporation $MPC

Yarbrough Capital LLC reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,643 shares of the oil and gas company’s stock after selling 12,063 shares during the period. Yarbrough Capital LLC’s holdings in Marathon Petroleum were worth $8,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at $527,197,000. Balyasny Asset Management L.P. grew its position in shares of Marathon Petroleum by 27,979.8% during the second quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock worth $109,565,000 after purchasing an additional 657,246 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Marathon Petroleum by 217.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 883,763 shares of the oil and gas company’s stock valued at $146,802,000 after purchasing an additional 605,705 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Marathon Petroleum by 332.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 320,499 shares of the oil and gas company’s stock worth $52,123,000 after purchasing an additional 246,384 shares in the last quarter. Finally, Merewether Investment Management LP bought a new position in Marathon Petroleum in the 2nd quarter worth approximately $35,548,000. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the transaction, the insider owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 4,473 shares of company stock valued at $1,015,428 in the last ninety days. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Down 0.0%

NYSE MPC opened at $251.91 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $252.83. The firm has a market capitalization of $74.19 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 0.53 and a beta of 0.69. The company has a fifty day moving average of $205.67 and a two-hundred day moving average of $192.42.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The firm had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. During the same quarter last year, the business earned $0.77 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is currently 29.96%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MPC shares. Weiss Ratings downgraded shares of Marathon Petroleum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. The Goldman Sachs Group raised their price target on Marathon Petroleum from $211.00 to $239.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Scotiabank reiterated an “outperform” rating and set a $174.00 target price on shares of Marathon Petroleum in a research report on Friday, January 16th. Zacks Research cut shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Piper Sandler lowered their price objective on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $209.19.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.