Marathon Petroleum Co. (NYSE:MPC) Shares Sold by CCM Investment Advisers LLC

CCM Investment Advisers LLC decreased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 7.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 75,957 shares of the oil and gas company's stock after selling 6,111 shares during the period. CCM Investment Advisers LLC's holdings in Marathon Petroleum were worth $11,066,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MPC. Everhart Financial Group Inc. grew its holdings in Marathon Petroleum by 17.7% in the 1st quarter. Everhart Financial Group Inc. now owns 5,179 shares of the oil and gas company's stock valued at $755,000 after buying an additional 777 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in Marathon Petroleum by 1.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 32,627 shares of the oil and gas company's stock valued at $4,753,000 after purchasing an additional 425 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Marathon Petroleum during the first quarter worth approximately $132,000. Net Worth Advisory Group raised its stake in Marathon Petroleum by 6.4% during the first quarter. Net Worth Advisory Group now owns 7,685 shares of the oil and gas company's stock worth $1,120,000 after purchasing an additional 463 shares during the period. Finally, Simon Quick Advisors LLC boosted its holdings in shares of Marathon Petroleum by 23.2% in the 1st quarter. Simon Quick Advisors LLC now owns 3,847 shares of the oil and gas company's stock valued at $560,000 after purchasing an additional 725 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Stock Up 0.6%

Shares of NYSE MPC traded up $0.92 during trading on Friday, reaching $165.99. 2,704,849 shares of the stock were exchanged, compared to its average volume of 2,688,754. The company has a market capitalization of $50.99 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The business's 50-day moving average price is $147.49 and its 200 day moving average price is $146.38. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31.

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) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 EPS. As a group, equities analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 51.20%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MPC shares. Morgan Stanley dropped their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Piper Sandler cut their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company boosted their target price on Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday. Barclays raised their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Raymond James decreased their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $176.21.

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.