CoreCap Advisors LLC Has $331,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

CoreCap Advisors LLC trimmed its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,376 shares of the oil and gas company's stock after selling 3,318 shares during the quarter. CoreCap Advisors LLC's holdings in Marathon Petroleum were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Corigliano Investment Advisers LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $8,063,000. Bramshill Investments LLC bought a new position in Marathon Petroleum in the 4th quarter valued at about $698,000. Captrust Financial Advisors raised its holdings in Marathon Petroleum by 2.3% in the 4th quarter. Captrust Financial Advisors now owns 91,198 shares of the oil and gas company's stock valued at $12,722,000 after acquiring an additional 2,076 shares during the period. Cary Street Partners Financial LLC bought a new position in Marathon Petroleum in the 4th quarter valued at about $1,077,000. Finally, Caxton Associates LP bought a new position in Marathon Petroleum in the 4th quarter valued at about $9,840,000. 76.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPC has been the topic of several recent research reports. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Scotiabank reduced their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Barclays raised their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday. Finally, TD Cowen raised their target price on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.29.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This represents a 19.68% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Marathon Petroleum Trading Up 0.5%

NYSE MPC traded up $0.80 during mid-day trading on Wednesday, reaching $163.64. 2,291,155 shares of the stock were exchanged, compared to its average volume of 2,718,447. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $183.31. The stock has a 50 day simple moving average of $138.07 and a 200-day simple moving average of $145.21. The stock has a market cap of $50.27 billion, a P/E ratio of 16.48, a P/E/G ratio of 3.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter last year, the firm earned $2.58 earnings per share. Marathon Petroleum's quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is currently 51.20%.

About Marathon Petroleum

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.