Tandem Investment Advisors Inc. Sells 82 Shares of Marathon Petroleum Co. (NYSE:MPC)

Tandem Investment Advisors Inc. reduced its holdings in Marathon Petroleum Co. (NYSE:MPC) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,436 shares of the oil and gas company’s stock after selling 82 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Marathon Petroleum were worth $213,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its position in shares of Marathon Petroleum by 121,130.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,942,426 shares of the oil and gas company’s stock valued at $458,859,000 after purchasing an additional 3,939,174 shares during the last quarter. Norges Bank bought a new position in shares of Marathon Petroleum during the 4th quarter valued at about $453,190,000. Arrowstreet Capital Limited Partnership increased its position in shares of Marathon Petroleum by 22,119.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,227,468 shares of the oil and gas company’s stock valued at $190,449,000 after purchasing an additional 2,217,443 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $109,099,000. Finally, Acadian Asset Management LLC increased its position in shares of Marathon Petroleum by 127.0% during the 3rd quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock valued at $186,536,000 after purchasing an additional 689,576 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MPC has been the topic of several recent research reports. Piper Sandler increased their price objective on Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. The Goldman Sachs Group increased their target price on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Citigroup initiated coverage on Marathon Petroleum in a report on Wednesday, January 24th. They set a “neutral” rating for the company. Mizuho increased their target price on Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Scotiabank increased their target price on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Trading Down 0.7 %

NYSE MPC traded down $1.44 on Wednesday, hitting $202.42. The company’s stock had a trading volume of 1,816,512 shares, compared to its average volume of 2,851,305. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The company’s 50-day simple moving average is $187.80 and its 200 day simple moving average is $164.11. The firm has a market cap of $72.94 billion, a P/E ratio of 8.66, a PEG ratio of 1.97 and a beta of 1.52.

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

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s payout ratio is presently 14.02%.

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction that occurred 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 owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

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.