Focus Partners Advisor Solutions LLC Has $572,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)
Focus Partners Advisor Solutions LLC cut its stake in shares of Marathon Petroleum Co. (NYSE:MPC — Free Report) by 64.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,098 shares of the oil and gas company’s stock after selling 7,571 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Marathon Petroleum were worth $572,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $27,000. Asset Planning Inc bought a new stake in Marathon Petroleum in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. raised its stake in Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 267 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Marathon Petroleum in the fourth quarter valued at approximately $44,000. 76.77% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.
Marathon Petroleum Price Performance
Marathon Petroleum stock opened at $159.18 on Friday. The stock’s fifty day moving average price is $141.58 and its two-hundred day moving average price is $146.05. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $183.31. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The firm has a market cap of $48.90 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.
Marathon Petroleum (NYSE:MPC — Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) 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 firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the company earned $2.58 EPS. The company’s revenue was down 4.1% on a year-over-year basis. As a group, research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.
Marathon Petroleum Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.29%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.
Analyst Ratings Changes
MPC has been the topic of several research analyst reports. Scotiabank dropped their price objective on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Wall Street Zen upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday. Raymond James dropped their price objective on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company upped their price objective on Marathon Petroleum from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. Finally, Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $175.29.
Check Out Our Latest Stock Analysis on Marathon Petroleum
About Marathon Petroleum
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.
Further Reading
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