Marathon Petroleum Corporation (NYSE:MPC) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 24.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,482 shares of the oil and gas company's stock after selling 3,464 shares during the period. Atria Wealth Solutions Inc.'s holdings in Marathon Petroleum were worth $1,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MPC. Beverly Hills Private Wealth LLC boosted its stake in shares of Marathon Petroleum by 1.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock valued at $928,000 after buying an additional 76 shares in the last quarter. Sunpointe LLC boosted its stake in shares of Marathon Petroleum by 5.1% in the first quarter. Sunpointe LLC now owns 1,681 shares of the oil and gas company's stock valued at $245,000 after buying an additional 81 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of Marathon Petroleum by 2.3% in the first quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock valued at $554,000 after buying an additional 86 shares in the last quarter. Southland Equity Partners LLC boosted its stake in shares of Marathon Petroleum by 6.2% in the first quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company's stock valued at $226,000 after buying an additional 90 shares in the last quarter. Finally, Prudent Man Advisors LLC boosted its stake in shares of Marathon Petroleum by 2.3% in the first quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company's stock valued at $591,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MPC shares. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Wells Fargo & Company boosted their target price on Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley boosted their target price on Marathon Petroleum from $160.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Citigroup boosted their target price on Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Mizuho boosted their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $185.29.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the transaction, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company's stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded up $0.27 during trading on Friday, reaching $162.59. The company had a trading volume of 281,048 shares, compared to its average volume of 2,642,360. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.10. The stock has a market capitalization of $49.43 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.94 and a beta of 0.90. The stock has a 50-day moving average price of $169.37 and a two-hundred day moving average price of $153.94. 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 (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 for the quarter, topping analysts' consensus estimates of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%. The company had revenue of $34.10 billion during the quarter, compared to analysts' expectations of $31.70 billion. During the same period in the previous year, the firm posted $4.12 earnings per share. The business's revenue for the quarter was down 11.1% compared to the same quarter last year. As a group, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, August 20th. Marathon Petroleum's dividend payout ratio is presently 54.01%.

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.