Personal CFO Solutions LLC Lowers Holdings in Marathon Petroleum Corporation (NYSE:MPC)

Personal CFO Solutions LLC lowered its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 32.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter worth $26,000. Decker Retirement Planning Inc. lifted 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 worth $35,000 after buying an additional 227 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the 1st quarter worth $35,000. OFI Invest Asset Management purchased a new stake in shares of Marathon Petroleum in the 4th quarter worth $44,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter worth $52,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the sale, the director owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Down 1.3%

NYSE:MPC traded down $2.45 during mid-day trading on Friday, hitting $179.81. 4,388,192 shares of the company's stock traded hands, compared to its average volume of 2,718,024. The company has a fifty day moving average of $163.74 and a 200 day moving average of $149.90. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.31. The company has a market capitalization of $55.24 billion, a P/E ratio of 25.29, a P/E/G ratio of 3.58 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company had revenue of $31.85 billion for 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 firm's quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts forecast 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 was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Evercore ISI assumed coverage on Marathon Petroleum in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price target for the company. Barclays boosted their price target on Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday. UBS Group boosted their price target on Marathon Petroleum from $175.00 to $203.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Morgan Stanley reduced their price target on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $184.38.

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.