Private Advisor Group LLC Has $4.52 Million Stake in Marathon Petroleum Corporation (NYSE:MPC)

Private Advisor Group LLC trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 22.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,051 shares of the oil and gas company’s stock after selling 8,925 shares during the period. Private Advisor Group LLC’s holdings in Marathon Petroleum were worth $4,524,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Beverly Hills Private Wealth LLC increased its holdings in Marathon Petroleum by 1.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company’s stock valued at $928,000 after purchasing an additional 76 shares in the last quarter. Valmark Advisers Inc. increased its stake in shares of Marathon Petroleum by 2.3% in the 1st quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company’s stock valued at $554,000 after buying an additional 86 shares during the period. Southland Equity Partners LLC grew its stake in shares of Marathon Petroleum by 6.2% during the first 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 period. Prudent Man Advisors LLC raised its stake in Marathon Petroleum by 2.3% in the first quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company’s stock valued at $591,000 after buying an additional 91 shares during the period. Finally, Benjamin Edwards Inc. grew its position in Marathon Petroleum by 1.9% during the fourth quarter. Benjamin Edwards Inc. now owns 5,021 shares of the oil and gas company’s stock worth $700,000 after buying an additional 94 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

Shares of MPC opened at $174.86 on Tuesday. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.31. The firm has a 50-day moving average price of $166.52 and a 200 day moving average price of $151.36. The firm has a market capitalization of $53.72 billion, a PE ratio of 26.72, a P/E/G ratio of 3.37 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.

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

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were given a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.08%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Analyst Ratings Changes

MPC has been the topic of several research analyst reports. Barclays raised their price objective on Marathon Petroleum from $159.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Evercore ISI initiated coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an “in-line” rating and a $170.00 target price on the stock. UBS Group lifted their price target on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Raymond James Financial restated an “outperform” rating and set a $200.00 target price (up from $180.00) on shares of Marathon Petroleum in a report on Tuesday, July 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $183.43.

Check Out Our Latest Report on Marathon Petroleum

Insider Activity at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the sale, the director owned 18,944 shares of the company’s stock, valued at $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by company insiders.

About Marathon Petroleum

(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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