Arlington Trust Co LLC Sells 63 Shares of Marathon Petroleum Corporation $MPC

Arlington Trust Co LLC cut its position in Marathon Petroleum Corporation (NYSE:MPC) by 9.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 600 shares of the oil and gas company’s stock after selling 63 shares during the period. Arlington Trust Co LLC’s holdings in Marathon Petroleum were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Sunpointe LLC lifted its position in shares of Marathon Petroleum by 5.1% during the 1st quarter. Sunpointe LLC now owns 1,681 shares of the oil and gas company’s stock valued at $245,000 after acquiring an additional 81 shares during the period. Beverly Hills Private Wealth LLC lifted its position in shares of Marathon Petroleum by 1.3% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 6,739 shares of the oil and gas company’s stock valued at $982,000 after acquiring an additional 84 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Marathon Petroleum by 2.3% during the 1st quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company’s stock worth $554,000 after buying an additional 86 shares in the last quarter. Southland Equity Partners LLC raised its holdings in shares of Marathon Petroleum by 6.2% during the 1st quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company’s stock worth $226,000 after buying an additional 90 shares in the last quarter. Finally, Prudent Man Advisors LLC raised its holdings in shares of Marathon Petroleum by 2.3% during the 1st quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company’s stock worth $591,000 after buying an additional 91 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Molly R. Benson sold 10,879 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the sale, the insider owned 28,700 shares in the company, valued at $4,678,100. This represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kim K.W. Rucker sold 7,392 shares of the company’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the sale, the director owned 18,944 shares in the company, valued at approximately $3,315,200. The trade was a 28.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Trading Down 1.2%

Shares of MPC stock opened at $180.18 on Monday. The stock has a market cap of $54.78 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 3.52 and a beta of 0.97. The stock has a 50-day moving average of $172.81 and a 200-day moving average of $157.27. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $186.28.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.74. The company had revenue of $34.10 billion during the quarter, compared to analysts’ expectations of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 earnings per share. On average, equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio is presently 54.01%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MPC. TD Cowen lowered their price target on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Wolfe Research cut Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Bank of America boosted their price target on Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Dbs Bank raised Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. Finally, Wall Street Zen raised Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.36.

Marathon Petroleum 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.