Nisa Investment Advisors LLC Buys 3,620 Shares of Marathon Petroleum Corporation $MPC

Nisa Investment Advisors LLC lifted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,085 shares of the oil and gas company’s stock after acquiring an additional 3,620 shares during the period. Nisa Investment Advisors LLC’s holdings in Marathon Petroleum were worth $29,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPC. Alberta Investment Management Corp acquired a new stake in shares of Marathon Petroleum in the 3rd quarter valued at about $2,891,000. First Interstate Bank acquired a new position in shares of Marathon Petroleum during the third quarter worth about $5,050,000. Generali Asset Management SPA SGR grew its holdings in shares of Marathon Petroleum by 36.8% during the third quarter. Generali Asset Management SPA SGR now owns 41,225 shares of the oil and gas company’s stock worth $7,946,000 after buying an additional 11,082 shares in the last quarter. Diversified Trust Co. raised its position in Marathon Petroleum by 39.3% in the 4th quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock valued at $2,549,000 after buying an additional 4,419 shares during the last quarter. Finally, National Pension Service raised its position in Marathon Petroleum by 1.7% in the 3rd quarter. National Pension Service now owns 849,268 shares of the oil and gas company’s stock valued at $163,688,000 after buying an additional 14,308 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Marathon Petroleum from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Piper Sandler reduced their target price on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Mizuho boosted their price target on shares of Marathon Petroleum from $205.00 to $224.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Jefferies Financial Group reduced their price objective on shares of Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Finally, Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $209.19.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,810 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider directly owned 10,188 shares of the company’s stock, valued at approximately $2,290,058.64. The trade was a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 4,473 shares of company stock worth $1,015,428. 0.17% of the stock is currently owned by insiders.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $244.16 on Wednesday. The company has a fifty day moving average price of $208.46 and a two-hundred day moving average price of $193.32. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $255.77. The stock has a market cap of $71.90 billion, a P/E ratio of 18.29, a P/E/G ratio of 0.50 and a beta of 0.69. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. Marathon Petroleum’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. As a group, equities analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were paid a dividend of $1.00 per share. 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 payout ratio is currently 29.96%.

Marathon Petroleum Company Profile

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.