Marathon Petroleum Corporation (NYSE:MPC) Shares Sold by KBC Group NV

KBC Group NV cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 8.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 328,222 shares of the oil and gas company's stock after selling 28,764 shares during the quarter. KBC Group NV owned approximately 0.11% of Marathon Petroleum worth $47,818,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MPC. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. raised its stake 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. Cape Investment Advisory Inc. lifted its holdings in Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after buying an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $44,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler decreased their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Mizuho boosted their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Evercore ISI started coverage on shares of Marathon Petroleum in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 target price on the stock. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, TD Cowen raised their price objective on Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $175.80.

Marathon Petroleum Trading Up 0.1%

NYSE:MPC opened at $167.69 on Monday. 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 stock's 50 day simple moving average is $155.91 and its 200-day simple moving average is $147.37. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $183.31. The firm has a market cap of $51.52 billion, a P/E ratio of 23.58, a PEG ratio of 3.30 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. Marathon Petroleum's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.58 EPS. Equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

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.

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