Marathon Petroleum Corporation (NYSE:MPC) Stock Position Decreased by Ninety One UK Ltd

Ninety One UK Ltd decreased its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 24.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. lifted its stake in shares of 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 worth $35,000 after acquiring 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 first quarter worth about $35,000. OFI Invest Asset Management acquired a new position in shares of Marathon Petroleum in the fourth quarter worth about $44,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

MPC stock traded down $0.41 on Wednesday, reaching $179.52. The company's stock had a trading volume of 1,976,230 shares, compared to its average volume of 2,708,095. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.31. The company has a market capitalization of $55.15 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. The firm has a fifty day moving average of $161.25 and a two-hundred day moving average of $149.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73.

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

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 2.03%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is 51.20%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MPC shares. Scotiabank cut their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Raymond James Financial reiterated a "strong-buy" rating on shares of Marathon Petroleum in a research note on Monday, June 30th. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Morgan Stanley cut their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, TD Cowen upped their price objective on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and an average price target of $176.13.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction on Thursday, July 3rd. The stock was 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 of the company's stock, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

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.