Focus Partners Advisor Solutions LLC Lowers Holdings in Marathon Petroleum Co. (NYSE:MPC)

Focus Partners Advisor Solutions LLC lowered its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 64.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,098 shares of the oil and gas company's stock after selling 7,571 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Marathon Petroleum were worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MPC. Janney Montgomery Scott LLC boosted its stake in Marathon Petroleum by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 145,849 shares of the oil and gas company's stock worth $20,346,000 after purchasing an additional 676 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Marathon Petroleum by 0.5% during the 4th quarter. Wesbanco Bank Inc. now owns 21,223 shares of the oil and gas company's stock worth $2,961,000 after buying an additional 101 shares during the last quarter. Mutual Advisors LLC boosted its stake in shares of Marathon Petroleum by 70.8% during the 4th quarter. Mutual Advisors LLC now owns 9,777 shares of the oil and gas company's stock worth $1,483,000 after buying an additional 4,054 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Marathon Petroleum by 3.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock worth $303,000 after buying an additional 71 shares during the last quarter. Finally, Secure Asset Management LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $335,000. Institutional investors own 76.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MPC shares. Piper Sandler lowered their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Barclays increased 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. Scotiabank lowered their price target 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. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.29.

Marathon Petroleum Stock Up 2.0%

Shares of NYSE:MPC traded up $3.15 during midday trading on Tuesday, hitting $162.26. 2,479,976 shares of the company's stock were exchanged, compared to its average volume of 2,709,393. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $183.31. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The stock has a 50 day moving average price of $141.77 and a 200-day moving average price of $145.97. The company has a market cap of $49.85 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

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. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same period in the prior year, the firm posted $2.58 EPS. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 51.20%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68% increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate 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.