Marathon Petroleum Corporation $MPC Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its position in Marathon Petroleum Corporation (NYSE:MPC) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,255 shares of the oil and gas company’s stock after selling 3,987 shares during the quarter. ProShare Advisors LLC’s holdings in Marathon Petroleum were worth $11,999,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MPC. Brighton Jones LLC lifted its holdings in 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 worth $696,000 after purchasing an additional 1,178 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Marathon Petroleum by 38.3% in the 1st quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after purchasing an additional 7,396 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Marathon Petroleum by 26.6% in the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock valued at $369,000 after purchasing an additional 466 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Marathon Petroleum by 4.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 81,818 shares of the oil and gas company’s stock worth $13,905,000 after purchasing an additional 3,237 shares during the last quarter. Finally, MGO One Seven LLC raised its position in shares of Marathon Petroleum by 18.3% during the 2nd quarter. MGO One Seven LLC now owns 9,235 shares of the oil and gas company’s stock valued at $1,534,000 after acquiring an additional 1,427 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $208.54 on Thursday. The company has a fifty day moving average of $178.42 and a 200-day moving average of $181.82. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $209.40. The firm has a market capitalization of $62.69 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.38 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.34. The firm had revenue of $35.10 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 earnings per share. As a group, sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is currently 29.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MPC shares. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $213.00 to $217.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group boosted their price target on Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Barclays dropped their price objective on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Raymond James Financial raised their target price on shares of Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $202.19.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.