Cetera Investment Advisers Has $12.04 Million Stock Holdings in Marathon Petroleum Corporation (NYSE:MPC)

Cetera Investment Advisers cut its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,626 shares of the oil and gas company's stock after selling 2,121 shares during the quarter. Cetera Investment Advisers' holdings in Marathon Petroleum were worth $12,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPC. Fourth Dimension Wealth LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock worth $31,000 after buying an additional 201 shares in the last quarter. Hughes Financial Services LLC bought a new stake in Marathon Petroleum during the first quarter worth approximately $32,000. Decker Retirement Planning Inc. grew its stake in shares of Marathon Petroleum by 1,621.4% during 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 during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at approximately $35,000. 76.77% of the stock is currently owned by institutional investors.

Insider Activity

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 shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the transaction, the director directly owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of analyst reports. Raymond James Financial restated an "outperform" rating and set a $200.00 target price (up previously from $180.00) on shares of Marathon Petroleum in a report on Tuesday, July 15th. Wells Fargo & Company increased their price target on Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Piper Sandler increased their price target on Marathon Petroleum from $175.00 to $182.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. TD Cowen increased their price target on Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Wolfe Research downgraded Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Hold" and a consensus price target of $183.93.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded down $4.54 during midday trading on Wednesday, reaching $170.89. The company's stock had a trading volume of 1,492,318 shares, compared to its average volume of 1,963,375. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average price of $168.18 and a 200 day moving average price of $152.87. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $183.31. The company has a market cap of $52.50 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same period last year, the firm posted $2.58 earnings per share. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.13%. Marathon Petroleum's dividend payout ratio is currently 51.20%.

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.