SJS Investment Consulting Inc. lowered its position in Marathon Petroleum Co. (NYSE:MPC – Free Report) by 12.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,386 shares of the oil and gas company’s stock after selling 339 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Marathon Petroleum were worth $278,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in shares of Marathon Petroleum by 19.4% during the 1st quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock worth $479,000 after acquiring an additional 910 shares in the last quarter. Cibc World Market Inc. acquired a new position in shares of Marathon Petroleum during the 1st quarter worth about $282,000. Vontobel Holding Ltd. lifted its position in shares of Marathon Petroleum by 1.6% during the 1st quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock worth $1,584,000 after purchasing an additional 293 shares during the last quarter. Sei Investments Co. lifted its position in shares of Marathon Petroleum by 25.1% during the 1st quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock worth $7,800,000 after purchasing an additional 18,230 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Marathon Petroleum by 11.0% during the 1st quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock worth $807,000 after purchasing an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 74.93% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on MPC shares. Mizuho boosted their price objective on Marathon Petroleum from $161.00 to $178.00 and gave the stock a “neutral” rating in a research report on Monday. Piper Sandler boosted their price objective on Marathon Petroleum from $133.00 to $143.00 in a research report on Friday, August 4th. Wells Fargo & Company upped their price target on Marathon Petroleum from $142.00 to $157.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $150.00 price target on shares of Marathon Petroleum in a report on Wednesday, August 2nd. Finally, Bank of America upped their price target on Marathon Petroleum from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.00.
Marathon Petroleum Price Performance
Shares of MPC traded down $4.01 during mid-day trading on Tuesday, reaching $152.33. The company had a trading volume of 1,440,356 shares, compared to its average volume of 3,774,526. Marathon Petroleum Co. has a twelve month low of $89.40 and a twelve month high of $157.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.84 and a quick ratio of 1.30. The company’s 50-day moving average is $138.61 and its 200-day moving average is $126.07. The company has a market capitalization of $60.91 billion, a P/E ratio of 5.67, a P/E/G ratio of 1.18 and a beta of 1.62.
Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its earnings results on Tuesday, August 1st. The oil and gas company reported $5.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.55 by $0.77. The business had revenue of $36.82 billion during the quarter, compared to analysts’ expectations of $32.60 billion. Marathon Petroleum had a return on equity of 36.33% and a net margin of 8.01%. Marathon Petroleum’s quarterly revenue was down 32.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.61 EPS. On average, equities analysts anticipate that Marathon Petroleum Co. will post 21.81 EPS for the current year.
Marathon Petroleum Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 1.97%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 10.89%.
Insider Buying and Selling
In related news, VP Timothy J. Aydt sold 4,913 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $145.26, for a total transaction of $713,662.38. Following the sale, the vice president now directly owns 18,995 shares in the company, valued at approximately $2,759,213.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Marathon Petroleum news, VP Timothy J. Aydt sold 4,913 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $145.26, for a total value of $713,662.38. Following the transaction, the vice president now directly owns 18,995 shares in the company, valued at approximately $2,759,213.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shawn M. Lyon sold 8,086 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $147.15, for a total value of $1,189,854.90. Following the completion of the transaction, the senior vice president now owns 15,036 shares in the company, valued at $2,212,547.40. The disclosure for this sale can be found here. Insiders have sold a total of 27,188 shares of company stock worth $3,890,973 in the last three months. Insiders own 0.28% of the company’s stock.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.
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