Marathon Petroleum Corporation (NYSE:MPC) Position Decreased by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,017 shares of the oil and gas company's stock after selling 3,768 shares during the quarter. Bessemer Group Inc.'s holdings in Marathon Petroleum were worth $3,937,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its stake 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 valued at $696,000 after buying an additional 1,178 shares during the last quarter. IFP Advisors Inc boosted its stake in Marathon Petroleum by 3.8% during the 4th quarter. IFP Advisors Inc now owns 5,021 shares of the oil and gas company's stock valued at $700,000 after acquiring an additional 186 shares during the last quarter. GHE LLC grew its holdings in Marathon Petroleum by 1.8% during the 4th quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock worth $5,381,000 after acquiring an additional 665 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of Marathon Petroleum by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after purchasing an additional 69 shares during the last quarter. Finally, Denali Advisors LLC raised its stake in shares of Marathon Petroleum by 25.0% in the 4th quarter. Denali Advisors LLC now owns 3,500 shares of the oil and gas company's stock valued at $488,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

MPC has been the subject of several research analyst reports. Raymond James Financial lowered their price objective on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Barclays boosted their price target on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Finally, Scotiabank dropped their target price on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus target price of $175.80.

Marathon Petroleum Stock Performance

NYSE MPC traded up $0.17 on Friday, hitting $167.69. The stock had a trading volume of 8,636,560 shares, compared to its average volume of 2,716,466. The company's 50-day moving average is $155.91 and its two-hundred day moving average is $147.36. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $183.31. The stock has a market cap of $51.52 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 3.30 and a beta of 0.89. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. On average, analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is 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.