Personal CFO Solutions LLC Decreases Stock Position in Marathon Petroleum Corporation (NYSE:MPC)

Personal CFO Solutions LLC cut its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 32.0% in the first quarter, according to the company in its most recent disclosure 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 period. Personal CFO Solutions LLC's holdings in Marathon Petroleum were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Marathon Petroleum Trading Down 0.2%

NYSE:MPC traded down $0.41 during trading hours on Wednesday, hitting $179.52. The company had a trading volume of 1,976,230 shares, compared to its average volume of 2,708,095. The stock has a 50-day moving average price of $161.25 and a 200 day moving average price of $149.05. The company has a market capitalization of $55.15 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.31. 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 released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share 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 firm had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. During the same period in the prior year, the firm earned $2.58 EPS. The company's revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

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 of this dividend was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.03%. Marathon Petroleum's payout ratio is 51.20%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MPC. Evercore ISI started coverage on Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target for the company. Morgan Stanley dropped their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $180.00 to $182.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. TD Cowen boosted their target price on Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Mizuho upped their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $176.13.

Insider Activity at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of the business's 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 owned 18,944 shares in the company, valued at $3,315,200. The trade was a 28.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.