GW Henssler & Associates Ltd. Sells 265,321 Shares of Marathon Petroleum Corporation $MPC

Key Points

• GW Henssler & Associates Ltd. has drastically reduced its shareholding in Marathon Petroleum Corporation by 95.3%, selling 265,321 shares and now holds only 13,037 shares.
• Despite the drop in shares, Marathon Petroleum reported $3.96 earnings per share in its latest quarterly earnings, exceeding analysts' expectations of $3.22, along with a revenue of $34.10 billion.
• The company recently announced a quarterly dividend of $0.91 per share, representing an annualized yield of 2.0% with a payout ratio of 54.01%.

GW Henssler & Associates Ltd. lowered its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 95.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,037 shares of the oil and gas company's stock after selling 265,321 shares during the period. GW Henssler & Associates Ltd.'s holdings in Marathon Petroleum were worth $1,899,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC grew its holdings in shares of Marathon Petroleum by 76.0% in the first quarter. Focus Partners Advisor Solutions LLC now owns 7,211 shares of the oil and gas company's stock worth $1,051,000 after acquiring an additional 3,113 shares during the period. Energy Income Partners LLC grew its holdings in shares of Marathon Petroleum by 87.0% in the first quarter. Energy Income Partners LLC now owns 11,506 shares of the oil and gas company's stock worth $1,676,000 after acquiring an additional 5,352 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in shares of Marathon Petroleum in the first quarter worth $1,354,000. MAI Capital Management grew its holdings in shares of Marathon Petroleum by 1.5% in the first quarter. MAI Capital Management now owns 16,573 shares of the oil and gas company's stock worth $2,414,000 after acquiring an additional 252 shares during the period. Finally, Nomura Holdings Inc. grew its holdings in shares of Marathon Petroleum by 125.1% in the first quarter. Nomura Holdings Inc. now owns 5,892 shares of the oil and gas company's stock worth $858,000 after acquiring an additional 29,371 shares during the period. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded up $1.27 during trading hours on Friday, hitting $180.25. The company's stock had a trading volume of 1,696,253 shares, compared to its average volume of 1,719,427. The business has a 50 day moving average price of $171.74 and a two-hundred day moving average price of $156.19. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $183.50. The company has a market cap of $54.80 billion, a PE ratio of 26.74, a PEG ratio of 3.62 and a beta of 0.97. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.74. The company had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The firm's revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.12 earnings per share. Analysts expect 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 will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, August 20th. Marathon Petroleum's payout ratio is currently 54.01%.

Insider Transactions at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the sale, the insider directly owned 28,700 shares in the company, valued at approximately $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Mizuho lifted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Morgan Stanley lifted their target price on Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Piper Sandler lifted their target price on Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Barclays lifted their target price on Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Scotiabank reiterated an "outperform" rating on shares of Marathon Petroleum in a research report on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Marathon Petroleum has a consensus rating of "Hold" and an average price target of $186.57.

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.