Centiva Capital LP Has $885,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Centiva Capital LP cut its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 79.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,342 shares of the oil and gas company’s stock after selling 23,843 shares during the period. Centiva Capital LP’s holdings in Marathon Petroleum were worth $885,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Marathon Petroleum by 78.1% in the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company’s stock valued at $1,389,630,000 after buying an additional 4,367,774 shares in the last quarter. Bank of New York Mellon Corp increased its position in Marathon Petroleum by 7.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company’s stock worth $670,151,000 after acquiring an additional 315,786 shares during the period. Dimensional Fund Advisors LP raised its stake in Marathon Petroleum by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,399,977 shares of the oil and gas company’s stock worth $613,624,000 after purchasing an additional 452,043 shares in the last quarter. Demars Financial Group LLC boosted its holdings in Marathon Petroleum by 16,338.3% in 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 during the period. Finally, Northern Trust Corp grew its position in shares of Marathon Petroleum by 14.0% during the 4th quarter. Northern Trust Corp now owns 3,937,348 shares of the oil and gas company’s stock worth $549,260,000 after purchasing an additional 484,438 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MPC. Raymond James cut their price target on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company reduced their target price on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Barclays dropped their price target on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. TD Cowen upped their price target on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.93.

Insider Buying and Selling

In other Marathon Petroleum news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ricky D. Hessling bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $150.08 on Friday. The stock’s 50-day moving average is $136.94 and its 200-day moving average is $145.21. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $184.72. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock has a market cap of $46.76 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same period last year, the company earned $2.58 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

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.