Marathon Petroleum Corporation $MPC Shares Purchased by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Marathon Petroleum Corporation by 76.0% in the first quarter, now holding shares worth $1,051,000.
• Marathon Petroleum's most recent quarterly earnings showed an EPS of $3.96, exceeding estimates, though revenue declined 11.1% year-over-year.
• The company declared a $0.91 per share dividend, with a yield of 2.0% and a payout ratio of 54.01%.

Focus Partners Advisor Solutions LLC increased its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 76.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,211 shares of the oil and gas company's stock after acquiring an additional 3,113 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Marathon Petroleum were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Energy Income Partners LLC boosted its position in Marathon Petroleum by 87.0% in the 1st quarter. Energy Income Partners LLC now owns 11,506 shares of the oil and gas company's stock valued at $1,676,000 after buying an additional 5,352 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new position in Marathon Petroleum in the first quarter valued at approximately $1,354,000. MAI Capital Management grew its position in 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 valued at $2,414,000 after purchasing an additional 252 shares in the last quarter. Nomura Holdings Inc. raised its stake in Marathon Petroleum by 125.1% in the 1st quarter. Nomura Holdings Inc. now owns 5,892 shares of the oil and gas company's stock worth $858,000 after purchasing an additional 29,371 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in Marathon Petroleum by 0.7% during the 1st quarter. Vident Advisory LLC now owns 15,721 shares of the oil and gas company's stock worth $2,291,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

Marathon Petroleum stock traded up $0.50 during trading on Monday, reaching $180.78. The company had a trading volume of 1,311,101 shares, compared to its average volume of 2,575,642. The firm has a market capitalization of $54.96 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 3.64 and a beta of 0.97. The firm's 50-day simple moving average is $171.74 and its 200 day simple moving average is $156.17. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.50.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.74. The business had revenue of $34.10 billion for the quarter, compared to analyst estimates of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The business's revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.12 earnings per share. Sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business 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 yield of 2.0%. The ex-dividend date is Wednesday, August 20th. Marathon Petroleum's dividend payout ratio is currently 54.01%.

Insider Buying and Selling

In other news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the sale, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider owned 28,700 shares of the company's stock, valued at $4,678,100. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MPC has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Dbs Bank upgraded Marathon Petroleum to a "moderate buy" rating in a research report on Monday, July 28th. Citigroup raised their price target on Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Barclays upped their target price on Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, TD Cowen lowered their price target on Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. 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 presently has an average rating of "Hold" and a consensus 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.