Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC decreased its position in Marathon Petroleum Co. (NYSE:MPC) by 19.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,585 shares of the oil and gas company’s stock after selling 1,316 shares during the period. Personal CFO Solutions LLC’s holdings in Marathon Petroleum were worth $779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MPC. Capital Performance Advisors LLP bought a new stake in Marathon Petroleum during the third quarter valued at about $52,000. Equitable Trust Co. boosted its stake in Marathon Petroleum by 212.8% in the 3rd quarter. Equitable Trust Co. now owns 5,145 shares of the oil and gas company’s stock valued at $838,000 after buying an additional 3,500 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth about $1,451,000. Assetmark Inc. grew its position in Marathon Petroleum by 1.8% during the 3rd quarter. Assetmark Inc. now owns 47,358 shares of the oil and gas company’s stock worth $7,715,000 after acquiring an additional 846 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Marathon Petroleum by 6.3% during the 3rd quarter. Lindbrook Capital LLC now owns 4,484 shares of the oil and gas company’s stock worth $730,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Activity

In other news, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on MPC shares. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Piper Sandler reduced their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company boosted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Barclays dropped their price target on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Raymond James lifted their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average price target of $182.00.

Marathon Petroleum Trading Up 0.1 %

Shares of MPC stock opened at $137.65 on Monday. The stock has a 50 day simple moving average of $148.61 and a 200 day simple moving average of $154.16. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. 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 $43.03 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $31.94 billion. During the same quarter last year, the business earned $3.98 earnings per share. Marathon Petroleum’s revenue was down 9.1% on a year-over-year basis. On average, research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.64%. Marathon Petroleum’s dividend payout ratio is currently 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.