Infrastructure Capital Advisors LLC Decreases Stake in Marathon Petroleum Corporation $MPC

Infrastructure Capital Advisors LLC cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 12.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 24,604 shares of the oil and gas company’s stock after selling 3,441 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Marathon Petroleum were worth $6,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Marathon Petroleum by 30.9% during 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 raised its stake in Marathon Petroleum by 38.3% in the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after buying an additional 7,396 shares in the last quarter. Sivia Capital Partners LLC raised its stake in 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 buying an additional 466 shares in the last quarter. Marshall Wace LLP purchased a new stake in Marathon Petroleum during the 2nd quarter worth about $8,505,000. Finally, AXA S.A. boosted its position in shares of Marathon Petroleum by 46.7% during the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after acquiring an additional 12,639 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum Trading Up 0.8%

Shares of Marathon Petroleum stock opened at $311.79 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The company has a market capitalization of $91.02 billion, a P/E ratio of 20.35, a PEG ratio of 0.20 and a beta of 0.52. Marathon Petroleum Corporation has a 1 year low of $158.00 and a 1 year high of $326.92. The company’s fifty day moving average is $269.70 and its two-hundred day moving average is $234.02.

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. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. During the same period in the prior year, the company earned ($0.24) earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corporation will post 43.19 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Scotiabank upped their price target on Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. UBS Group reiterated a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a research note on Friday, July 10th. Bank of America upped their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Finally, Raymond James Financial increased their target price on shares of Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $298.69.

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.