Prudent Man Advisors LLC Cuts Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Prudent Man Advisors LLC reduced its position in shares of Marathon Petroleum Co. (NYSE:MPCGet Rating) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,272 shares of the oil and gas company’s stock after selling 159 shares during the period. Prudent Man Advisors LLC’s holdings in Marathon Petroleum were worth $793,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MPC. Lincoln National Corp boosted its holdings in shares of Marathon Petroleum by 2.0% during the 1st quarter. Lincoln National Corp now owns 7,861 shares of the oil and gas company’s stock worth $673,000 after purchasing an additional 154 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $272,000. Checchi Capital Advisers LLC boosted its holdings in shares of Marathon Petroleum by 10.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 8,815 shares of the oil and gas company’s stock worth $754,000 after purchasing an additional 810 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Marathon Petroleum by 6.3% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 316,156 shares of the oil and gas company’s stock worth $27,031,000 after purchasing an additional 18,834 shares during the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $965,000. 80.91% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Up 0.1 %

Marathon Petroleum stock opened at $90.22 on Friday. Marathon Petroleum Co. has a twelve month low of $53.47 and a twelve month high of $114.35. The stock’s fifty day simple moving average is $91.74 and its 200-day simple moving average is $86.18. The company has a current ratio of 1.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $44.99 billion, a P/E ratio of 6.10, a P/E/G ratio of 0.20 and a beta of 1.76.

Marathon Petroleum (NYSE:MPCGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The oil and gas company reported $10.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $5.63. The company had revenue of $54.33 billion for the quarter, compared to analyst estimates of $44.26 billion. Marathon Petroleum had a return on equity of 23.85% and a net margin of 5.09%. The business’s quarterly revenue was up 82.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. As a group, equities analysts expect that Marathon Petroleum Co. will post 20.54 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Tuesday, August 16th. Marathon Petroleum’s payout ratio is currently 15.68%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Raymond L. Brooks sold 133,857 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $96.82, for a total value of $12,960,034.74. Following the transaction, the vice president now directly owns 63,248 shares of the company’s stock, valued at approximately $6,123,671.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MPC. Royal Bank of Canada boosted their target price on Marathon Petroleum from $110.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday. Piper Sandler upped their price objective on Marathon Petroleum from $106.00 to $111.00 and gave the company a “neutral” rating in a report on Tuesday, July 19th. BMO Capital Markets began coverage on Marathon Petroleum in a report on Monday, June 13th. They issued an “outperform” rating and a $135.00 price objective on the stock. Raymond James upped their price objective on Marathon Petroleum from $125.00 to $131.00 and gave the company a “strong-buy” rating in a report on Wednesday. Finally, StockNews.com upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $112.83.

Marathon Petroleum Profile

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Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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