Cambridge Investment Research Advisors Inc. Sells 1,992 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Cambridge Investment Research Advisors Inc. trimmed its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,421 shares of the oil and gas company's stock after selling 1,992 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Marathon Petroleum were worth $9,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPC. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $27,000. Cape Investment Advisory Inc. increased its position in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 267 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $44,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Marathon Petroleum in the fourth quarter worth approximately $52,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Up 0.1%

Shares of Marathon Petroleum stock 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 has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. 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 PEG ratio of 3.30 and a beta of 0.89. The stock's 50-day simple moving average is $155.91 and its two-hundred day simple moving average is $147.37.

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

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is 51.20%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MPC shares. Raymond James Financial decreased their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley decreased their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Scotiabank decreased their price objective 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. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, Evercore ISI started coverage on shares of Marathon Petroleum in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $175.80.

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.