35,539 Shares in Marathon Petroleum Corporation $MPC Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,539 shares of the oil and gas company's stock, valued at approximately $5,903,000. Marathon Petroleum accounts for 0.7% of Sendero Wealth Management LLC's investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds have also modified their holdings of MPC. Brighton Jones LLC lifted its position in Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock valued at $696,000 after buying an additional 1,178 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Marathon Petroleum by 47,033.3% in the 1st quarter. NBC Securities Inc. now owns 1,414 shares of the oil and gas company's stock worth $206,000 after acquiring an additional 1,411 shares during the last quarter. Procyon Advisors LLC purchased a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $860,000. Gateway Investment Advisers LLC increased its holdings in Marathon Petroleum by 5.2% in the 1st quarter. Gateway Investment Advisers LLC now owns 36,833 shares of the oil and gas company's stock valued at $5,366,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its position in Marathon Petroleum by 7.7% in the first quarter. Sivia Capital Partners LLC now owns 1,755 shares of the oil and gas company's stock valued at $256,000 after purchasing an additional 126 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MPC. Dbs Bank raised Marathon Petroleum to a "moderate buy" rating in a research note on Monday, July 28th. Raymond James Financial lifted their target price on Marathon Petroleum from $195.00 to $199.00 and gave the company an "outperform" rating in a research report on Tuesday, September 9th. Evercore ISI increased their price target on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an "in-line" rating in a research report on Friday, September 19th. Morgan Stanley lifted their price objective on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Friday. Finally, BMO Capital Markets increased their target price on shares of Marathon Petroleum from $195.00 to $208.00 and gave the stock an "outperform" rating in a report on Monday, September 22nd. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $196.29.

Marathon Petroleum Trading Up 0.6%

NYSE MPC opened at $193.31 on Monday. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $201.61. The firm has a 50 day moving average of $177.02 and a two-hundred day moving average of $162.33. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $58.77 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.74. The business had revenue of $34.10 billion during the quarter, compared to analysts' expectations of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The company's revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.12 EPS. As a group, research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.9%. Marathon Petroleum's dividend payout ratio is presently 54.01%.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the sale, the insider owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Profile

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.

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