Marathon Petroleum Corporation (NYSE:MPC) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 33.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,182 shares of the oil and gas company's stock after selling 4,183 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Marathon Petroleum were worth $1,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Fourth Dimension Wealth LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at $26,000. Decker Retirement Planning Inc. increased its stake in Marathon Petroleum by 1,621.4% during the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 227 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Marathon Petroleum during the first quarter worth approximately $35,000. Capital A Wealth Management LLC bought a new stake in Marathon Petroleum during the fourth quarter worth approximately $52,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded down $2.45 on Friday, hitting $179.81. 4,388,192 shares of the company were exchanged, compared to its average volume of 2,719,877. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31. The stock has a market capitalization of $55.24 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.53 and a beta of 0.88. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $163.74 and a 200 day moving average price of $150.00.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. During the same quarter in the prior year, the company posted $2.58 earnings per share. Marathon Petroleum's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MPC. UBS Group boosted their price target on Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company raised their target price on Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday. TD Cowen raised their target price on Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Evercore ISI started coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 target price for the company. Finally, Scotiabank raised their target price on Marathon Petroleum from $147.00 to $180.00 and gave the stock a "sector outperform" rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $184.38.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director owned 18,944 shares of the company's stock, valued at approximately $3,315,200. This represents a 28.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by company insiders.

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.