Marathon Petroleum Corporation $MPC Holdings Increased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its stake in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 76.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,211 shares of the oil and gas company’s stock after buying an additional 3,113 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Marathon Petroleum were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sunpointe LLC raised its position in shares of Marathon Petroleum by 5.1% during the 1st quarter. Sunpointe LLC now owns 1,681 shares of the oil and gas company’s stock worth $245,000 after buying an additional 81 shares in the last quarter. Beverly Hills Private Wealth LLC raised its position in shares of Marathon Petroleum by 1.3% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 6,739 shares of the oil and gas company’s stock worth $982,000 after buying an additional 84 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of Marathon Petroleum by 2.3% during the 1st quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company’s stock worth $554,000 after buying an additional 86 shares in the last quarter. Southland Equity Partners LLC grew its stake in shares of Marathon Petroleum by 6.2% in the 1st quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company’s stock worth $226,000 after purchasing an additional 90 shares during the last quarter. Finally, Prudent Man Advisors LLC grew its stake in shares of Marathon Petroleum by 2.3% in the 1st quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company’s stock worth $591,000 after purchasing an additional 91 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

Shares of MPC opened at $178.94 on Thursday. The company’s 50 day moving average price is $171.26 and its 200 day moving average price is $155.89. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.50. The company has a market capitalization of $54.40 billion, a PE ratio of 26.55, a PEG ratio of 3.27 and a beta of 0.97. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC — Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.74. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The firm had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same period in the previous year, the firm posted $4.12 earnings per share. The firm’s revenue was down 11.1% on a year-over-year basis. Research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. Marathon Petroleum’s payout ratio is presently 54.01%.

Wall Street Analysts Forecast Growth

MPC has been the topic of several recent research reports. Evercore ISI initiated coverage on shares of Marathon Petroleum in a research note on Wednesday, June 18th. They issued an “in-line” rating and a $170.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Marathon Petroleum from $160.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $175.00 to $182.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $186.57.

Get Our Latest Report on Marathon Petroleum

Insider Buying and Selling

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares in the company, valued at $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the sale, the insider owned 28,700 shares of the company’s stock, valued at $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Marathon Petroleum Company Profile

(Free Report)

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.

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