Marathon Petroleum Co. (NYSE:MPC) Shares Sold by SWS Partners

SWS Partners decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 24.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,771 shares of the oil and gas company’s stock after selling 4,841 shares during the period. SWS Partners’ holdings in Marathon Petroleum were worth $2,406,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Zhang Financial LLC raised its holdings in Marathon Petroleum by 18.9% during the third quarter. Zhang Financial LLC now owns 8,324 shares of the oil and gas company’s stock worth $1,356,000 after purchasing an additional 1,322 shares in the last quarter. Occidental Asset Management LLC raised its holdings in Marathon Petroleum by 42.3% during the third quarter. Occidental Asset Management LLC now owns 1,716 shares of the oil and gas company’s stock worth $280,000 after purchasing an additional 510 shares in the last quarter. Creative Planning raised its holdings in Marathon Petroleum by 0.5% during the third quarter. Creative Planning now owns 156,925 shares of the oil and gas company’s stock worth $25,565,000 after purchasing an additional 840 shares in the last quarter. CX Institutional raised its holdings in Marathon Petroleum by 25.3% during the third quarter. CX Institutional now owns 33,182 shares of the oil and gas company’s stock worth $5,406,000 after purchasing an additional 6,705 shares in the last quarter. Finally, Grove Bank & Trust raised its holdings in Marathon Petroleum by 33.9% during the third quarter. Grove Bank & Trust now owns 2,538 shares of the oil and gas company’s stock worth $413,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Tudor, Pickering, Holt & Co. cut shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. Mizuho dropped their target price on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Scotiabank dropped their target price on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, BMO Capital Markets dropped their target price on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.73.

Marathon Petroleum Stock Performance

Marathon Petroleum stock traded down $3.87 during midday trading on Tuesday, reaching $158.63. 1,511,597 shares of the stock traded hands, compared to its average volume of 2,687,272. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $168.89 and a two-hundred day moving average price of $176.79. The firm has a market cap of $55.89 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 2.65 and a beta of 1.37. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. Marathon Petroleum’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $5.32 EPS. On average, equities research analysts forecast that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.08%. Marathon Petroleum’s dividend payout ratio (DPR) is 16.48%.

Marathon Petroleum Company Profile

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.