Marathon Petroleum Corporation (NYSE:MPC) Shares Sold by TCW Group Inc.

TCW Group Inc. reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,661 shares of the oil and gas company’s stock after selling 3,661 shares during the period. TCW Group Inc.’s holdings in Marathon Petroleum were worth $3,010,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MPC. Fourth Dimension Wealth LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC grew its position in Marathon Petroleum by 1,546.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 201 shares during the period. Hughes Financial Services LLC acquired a new stake in Marathon Petroleum during the first quarter worth about $32,000. Decker Retirement Planning Inc. raised its holdings in shares of Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 227 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter valued at about $35,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on MPC. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, July 11th. Wolfe Research lowered shares of Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Evercore ISI began coverage on shares of Marathon Petroleum in a report on Wednesday, June 18th. They set an “in-line” rating and a $170.00 target price on the stock. Wall Street Zen upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, TD Cowen raised their price objective on Marathon Petroleum from $152.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $183.93.

Check Out Our Latest Stock Report on MPC

Marathon Petroleum Stock Performance

Shares of MPC opened at $171.64 on Monday. The firm has a market cap of $52.73 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.93 and a beta of 0.88. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $167.65 and its two-hundred day moving average is $152.49. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.31.

Marathon Petroleum (NYSE:MPC — Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to analysts’ expectations of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 earnings per share. Analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.12%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio is currently 51.20%.

Insider Buying and Selling

In other news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the transaction, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Marathon Petroleum 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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