Marathon Petroleum Corporation $MPC Shares Sold by Crux Wealth Advisors

Key Points

• Crux Wealth Advisors reduced its holdings in Marathon Petroleum by 54.3%, selling 3,598 shares during the 2nd quarter, leaving them with 3,030 shares valued at $503,000.
• Marathon Petroleum reported earnings of $3.96 per share for the last quarter, exceeding analyst expectations of $3.22, with total revenue of $34.10 billion.
• The company has a 2.0% dividend yield with a payout ratio of 54.01%, and it recently declared a quarterly dividend of $0.91 per share.

Crux Wealth Advisors lessened its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 54.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,030 shares of the oil and gas company's stock after selling 3,598 shares during the period. Crux Wealth Advisors' holdings in Marathon Petroleum were worth $503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MPC. Baker Tilly Wealth Management LLC grew its stake in Marathon Petroleum by 2.8% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,226 shares of the oil and gas company's stock worth $370,000 after buying an additional 60 shares during the last quarter. CHICAGO TRUST Co NA grew its stake in Marathon Petroleum by 3.9% during the 2nd quarter. CHICAGO TRUST Co NA now owns 1,684 shares of the oil and gas company's stock worth $280,000 after buying an additional 63 shares during the last quarter. Werba Rubin Papier Wealth Management grew its stake in Marathon Petroleum by 4.2% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company's stock worth $262,000 after buying an additional 64 shares during the last quarter. Sunpointe LLC grew its stake in Marathon Petroleum by 4.1% during the 2nd quarter. Sunpointe LLC now owns 1,750 shares of the oil and gas company's stock worth $291,000 after buying an additional 69 shares during the last quarter. Finally, BKM Wealth Management LLC grew its stake in Marathon Petroleum by 1.2% during the 2nd quarter. BKM Wealth Management LLC now owns 6,853 shares of the oil and gas company's stock worth $1,138,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Stock Up 1.7%

Marathon Petroleum stock opened at $184.14 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $201.61. The company has a market cap of $55.98 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.88 and a beta of 0.90. The stock's 50 day moving average price is $180.61 and its 200 day moving average price is $164.88.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.74. The firm 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 company's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.12 earnings per share. On average, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, August 20th. Marathon Petroleum's payout ratio is presently 54.01%.

Analyst Ratings Changes

MPC has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on Marathon Petroleum in a research note on Friday. They set an "overweight" rating and a $214.00 price target on the stock. Dbs Bank raised Marathon Petroleum to a "moderate buy" rating in a report on Monday, July 28th. TD Cowen dropped their target price on Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Mizuho boosted their target price on Marathon Petroleum from $184.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, September 15th. Finally, Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.31.

Insider Buying and Selling

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company's stock.

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.

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