Marathon Petroleum Corporation (NYSE:MPC) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd reduced its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,360 shares of the oil and gas company's stock after selling 24,925 shares during the period. Ninety One UK Ltd's holdings in Marathon Petroleum were worth $11,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fourth Dimension Wealth LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. boosted its holdings in shares of Marathon Petroleum by 1,621.4% in the 1st 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. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter valued at $35,000. OFI Invest Asset Management acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $44,000. Finally, Capital A Wealth Management LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at $52,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

MPC opened at $179.88 on Wednesday. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $183.31. The stock has a market capitalization of $55.26 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The company's 50 day simple moving average is $161.25 and its 200-day simple moving average is $149.05.

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

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.91 per share. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.02%. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction dated 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 sale, the director owned 18,944 shares of the company's stock, valued at approximately $3,315,200. The trade was a 28.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MPC. Barclays upped their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Morgan Stanley lowered their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Raymond James Financial reissued a "strong-buy" rating on shares of Marathon Petroleum in a research note on Monday, June 30th. Evercore ISI started coverage on shares of Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target for the company. Finally, Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average price target of $176.13.

About Marathon Petroleum

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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