CX Institutional Sells 32,634 Shares of Marathon Petroleum Co. (NYSE:MPC)

CX Institutional reduced its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 74.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,946 shares of the oil and gas company's stock after selling 32,634 shares during the quarter. CX Institutional's holdings in Marathon Petroleum were worth $1,595,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MPC. Brighton Jones LLC lifted its holdings in shares of Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after purchasing an additional 1,178 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in Marathon Petroleum by 11.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 15,964 shares of the oil and gas company's stock valued at $2,227,000 after buying an additional 1,654 shares during the last quarter. Sapient Capital LLC grew its position in shares of Marathon Petroleum by 14.5% during the fourth quarter. Sapient Capital LLC now owns 2,350 shares of the oil and gas company's stock worth $328,000 after acquiring an additional 298 shares during the last quarter. Schear Investment Advisers LLC increased its holdings in shares of Marathon Petroleum by 9.7% in the 4th quarter. Schear Investment Advisers LLC now owns 2,511 shares of the oil and gas company's stock worth $350,000 after acquiring an additional 223 shares during the period. Finally, Capital Advisors Inc. OK lifted its position in Marathon Petroleum by 8.8% in the 4th quarter. Capital Advisors Inc. OK now owns 5,599 shares of the oil and gas company's stock valued at $781,000 after purchasing an additional 455 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded up $0.66 during mid-day trading on Friday, reaching $165.73. The company had a trading volume of 1,718,938 shares, compared to its average volume of 2,688,563. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 3.11 and a beta of 0.89. The business's 50-day simple moving average is $146.54 and its 200 day simple moving average is $146.38. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $183.31. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

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, beating the consensus estimate 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 quarter in the prior year, the firm earned $2.58 EPS. The firm's revenue was down 4.1% compared to the same quarter last year. On average, research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.20%. Marathon Petroleum's payout ratio is currently 51.20%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Piper Sandler decreased their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Scotiabank dropped 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. Morgan Stanley decreased their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Mizuho boosted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. 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 issued a strong buy rating to the company. According to data from MarketBeat, Marathon Petroleum has a consensus rating of "Moderate Buy" and an average price target of $176.21.

Marathon Petroleum Company 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.