CVA Family Office LLC Has $628,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

CVA Family Office LLC lowered its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.0% in the first quarter, HoldingsChannel reports. The fund owned 4,312 shares of the oil and gas company’s stock after selling 90 shares during the period. CVA Family Office LLC’s holdings in Marathon Petroleum were worth $628,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MPC. Brighton Jones LLC boosted its holdings in shares of Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after buying an additional 1,178 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of Marathon Petroleum by 5.2% in the 4th quarter. Avestar Capital LLC now owns 2,828 shares of the oil and gas company’s stock valued at $395,000 after buying an additional 139 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Marathon Petroleum by 52.2% during the 4th quarter. Vontobel Holding Ltd. now owns 16,499 shares of the oil and gas company’s stock valued at $2,302,000 after purchasing an additional 5,661 shares during the last quarter. DT Investment Partners LLC lifted its holdings in Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 70 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Marathon Petroleum by 6.0% during the 4th quarter. V Square Quantitative Management LLC now owns 5,521 shares of the oil and gas company’s stock valued at $770,000 after purchasing an additional 313 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 0.6%

MPC stock opened at $165.99 on Friday. The company has a market cap of $50.99 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The business has a 50-day simple moving average of $147.49 and a 200 day simple moving average of $146.44. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion for the quarter, compared to analysts’ expectations of $28.91 billion. During the same quarter in the previous year, the business posted $2.58 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio is presently 51.20%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MPC. Wells Fargo & Company raised their price target on Marathon Petroleum from $180.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday. Scotiabank cut their price target on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. TD Cowen raised their price target on Marathon Petroleum from $152.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday. Barclays raised their price target on Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Finally, Morgan Stanley lowered their price objective on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.21.

About Marathon Petroleum

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.