Marathon Petroleum Corporation $MPC Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in Marathon Petroleum Corporation by 19.4%, selling 6,084 shares during the 2nd quarter, leaving them with 25,254 shares valued at approximately $4.2 million.
• Marathon Petroleum recently declared a quarterly dividend of $0.91 per share, resulting in an annualized dividend yield of 1.9% and a payout ratio of 54.01%.
• Analysts have raised their price targets for Marathon Petroleum, with projections reaching as high as $208.00, indicating a positive outlook for the stock among investment firms.

Prime Capital Investment Advisors LLC trimmed its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,254 shares of the oil and gas company's stock after selling 6,084 shares during the period. Prime Capital Investment Advisors LLC's holdings in Marathon Petroleum were worth $4,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC grew its stake in shares of Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 201 shares during the period. Hughes Financial Services LLC purchased a new stake in Marathon Petroleum during the first quarter worth $32,000. WPG Advisers LLC acquired a new stake in Marathon Petroleum during the first quarter valued at $32,000. Decker Retirement Planning Inc. increased its holdings in Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after buying an additional 227 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the first quarter worth about $35,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 0.1%

Shares of NYSE:MPC opened at $193.34 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $177.39 and a two-hundred day moving average of $162.63. The stock has a market cap of $58.78 billion, a P/E ratio of 28.69, a PEG ratio of 3.35 and a beta of 0.90. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $201.61.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.74. The firm had revenue of $34.10 billion for the quarter, compared to analysts' expectations of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The company's revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.12 EPS. On average, research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.91 per share. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.9%. Marathon Petroleum's dividend payout ratio (DPR) is currently 54.01%.

Analysts Set New Price Targets

Several analysts have commented on MPC shares. Citigroup raised their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Wells Fargo & Company increased their target price on Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Barclays increased 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. Dbs Bank upgraded shares of Marathon Petroleum to a "moderate buy" rating in a research report on Monday, July 28th. Finally, BMO Capital Markets boosted their target price on shares of Marathon Petroleum from $195.00 to $208.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $196.29.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the sale, the insider directly owned 28,700 shares in the company, valued at $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.25% 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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