Sei Investments Co. Lowers Stock Position in Marathon Petroleum Corporation $MPC

Sei Investments Co. lessened its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 3.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 185,858 shares of the oil and gas company’s stock after selling 7,211 shares during the period. Sei Investments Co.’s holdings in Marathon Petroleum were worth $45,384,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MPC. Navalign LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at about $31,000. Berbice Capital Management LLC increased its stake in shares of Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. WFA of San Diego LLC acquired a new position in Marathon Petroleum in the 2nd quarter worth about $33,000. Finally, Ares Financial Consulting LLC purchased a new position in Marathon Petroleum during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insiders Place Their Bets

In other news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Down 0.0%

MPC stock opened at $309.14 on Monday. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $326.92. The business’s 50-day moving average is $268.66 and its 200 day moving average is $233.03. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The stock has a market cap of $90.25 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 0.20 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. The business had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. On average, sell-side analysts anticipate that Marathon Petroleum Corporation will post 43.19 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Wall Street Analysts Forecast Growth

MPC has been the topic of several research analyst reports. Zacks Research lowered Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Bank of America upped their target price on Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Jefferies Financial Group set a $335.00 target price on Marathon Petroleum and gave the company a “buy” rating in a research report on Sunday, July 12th. Mizuho lifted their price target on shares of Marathon Petroleum from $224.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Finally, Raymond James Financial boosted their price target on shares of Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $298.69.

Marathon Petroleum Profile

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.