Pinion Investment Advisors LLC Has $332,000 Stake in Marathon Petroleum Corporation $MPC

Pinion Investment Advisors LLC trimmed its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 14.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,998 shares of the oil and gas company’s stock after selling 330 shares during the period. Pinion Investment Advisors LLC’s holdings in Marathon Petroleum were worth $332,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MPC. CBIZ Investment Advisory Services LLC increased its holdings in shares of Marathon Petroleum by 1,546.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after buying an additional 201 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Marathon Petroleum during the first quarter worth $32,000. WPG Advisers LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at $32,000. Decker Retirement Planning Inc. increased its stake in Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 227 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth about $35,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

MPC opened at $187.54 on Friday. The company’s 50-day simple moving average is $178.42 and its two-hundred day simple moving average is $163.28. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $201.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The stock has a market capitalization of $57.02 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.17 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.74. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The company had revenue of $34.10 billion for the quarter, compared to analysts’ expectations of $31.70 billion. During the same quarter last year, the business earned $4.12 EPS. The firm’s revenue was down 11.1% compared to the same quarter last year. As a group, analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Marathon Petroleum’s dividend payout ratio is currently 54.01%.

Insider Transactions at Marathon Petroleum

In other news, insider Molly R. Benson sold 10,879 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 28,700 shares of the company’s stock, valued at $4,678,100. This represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MPC. Mizuho lifted their target price on shares of Marathon Petroleum from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. UBS Group increased their price objective on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Wells Fargo & Company increased their target price on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Morgan Stanley raised their price objective on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Finally, Raymond James Financial raised their price objective on shares of Marathon Petroleum from $195.00 to $199.00 and gave the stock an “outperform” rating in a report on Tuesday, September 9th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $198.92.

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.