Marathon Petroleum Corporation (NYSE:MPC) Stock Holdings Reduced by Personal CFO Solutions LLC

Personal CFO Solutions LLC lowered its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 32.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,798 shares of the oil and gas company's stock after selling 1,787 shares during the quarter. Personal CFO Solutions LLC's holdings in Marathon Petroleum were worth $553,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MPC. Brown Advisory Inc. lifted its position in shares of Marathon Petroleum by 2.3% during the 1st quarter. Brown Advisory Inc. now owns 6,102 shares of the oil and gas company's stock worth $889,000 after purchasing an additional 137 shares during the last quarter. Beverly Hills Private Wealth LLC raised its holdings in Marathon Petroleum by 1.3% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 6,739 shares of the oil and gas company's stock valued at $982,000 after acquiring an additional 84 shares in the last quarter. Interchange Capital Partners LLC raised its holdings in Marathon Petroleum by 5.4% in the 1st quarter. Interchange Capital Partners LLC now owns 12,018 shares of the oil and gas company's stock valued at $1,751,000 after acquiring an additional 616 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Marathon Petroleum by 19.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 74,615 shares of the oil and gas company's stock valued at $10,871,000 after acquiring an additional 11,930 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in Marathon Petroleum by 10.2% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 25,002 shares of the oil and gas company's stock valued at $3,643,000 after acquiring an additional 2,322 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Analyst Upgrades and Downgrades

MPC has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company increased their target price on Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Mizuho increased their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Barclays increased their price target on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Evercore ISI began coverage on Marathon Petroleum in a research report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target on the stock. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and an average target price of $176.13.

Marathon Petroleum Stock Up 1.9%

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

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

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 yield of 2.02%. Marathon Petroleum's payout ratio is 51.20%.

Insiders Place Their Bets

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 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 owned 18,944 shares in the company, valued at $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company's stock.

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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