Janney Montgomery Scott LLC Sells 9,231 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Janney Montgomery Scott LLC reduced its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 6.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,618 shares of the oil and gas company's stock after selling 9,231 shares during the quarter. Janney Montgomery Scott LLC's holdings in Marathon Petroleum were worth $19,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nixon Peabody Trust Co. grew its position in shares of Marathon Petroleum by 3.4% in the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after buying an additional 68 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in Marathon Petroleum by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after acquiring an additional 69 shares during the period. Buckley Wealth Management LLC boosted its holdings in Marathon Petroleum by 0.5% in the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company's stock valued at $1,998,000 after acquiring an additional 75 shares in the last quarter. Beverly Hills Private Wealth LLC increased its position in Marathon Petroleum by 1.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock valued at $928,000 after purchasing an additional 76 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in Marathon Petroleum by 2.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 3,010 shares of the oil and gas company's stock worth $442,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MPC shares. Mizuho lifted their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $180.00 to $182.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Scotiabank reduced their target price on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Evercore ISI assumed coverage on Marathon Petroleum in a research report on Wednesday. They set an "in-line" rating and a $170.00 price target 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $175.80.

Marathon Petroleum Stock Down 1.6%

MPC stock traded down $2.71 during trading on Thursday, hitting $167.37. 2,593,637 shares of the stock traded hands, compared to its average volume of 2,693,062. The stock has a market cap of $51.42 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 3.35 and a beta of 0.89. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.31. The firm's 50 day moving average is $149.94 and its two-hundred day moving average is $146.70.

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. The firm had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.58 earnings per share. On average, sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

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