Mutual of America Capital Management LLC Has $6.58 Million Position in Marathon Petroleum Corporation $MPC

Key Points

• Mutual of America Capital Management LLC reduced its stake in Marathon Petroleum Corporation by 3.7%, now holding shares valued at approximately $6.58 million.
• Marathon Petroleum has received mixed ratings from analysts with price targets ranging between $188.00 and $192.00, and a consensus rating of "Moderate Buy."
• In the most recent quarter, Marathon Petroleum reported an EPS of $3.96, exceeding expectations, while its revenue was $34.10 billion, also above analysts' estimates.

Mutual of America Capital Management LLC lessened its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,616 shares of the oil and gas company's stock after selling 1,515 shares during the quarter. Mutual of America Capital Management LLC's holdings in Marathon Petroleum were worth $6,581,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MPC. Activest Wealth Management boosted its holdings in shares of Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 201 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new stake in shares of Marathon Petroleum during the 1st quarter valued at $32,000. Finally, Decker Retirement Planning Inc. boosted its holdings in shares of Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MPC shares. Weiss Ratings reissued a "hold (c)" rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Wolfe Research downgraded Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Dbs Bank raised Marathon Petroleum to a "moderate buy" rating in a report on Monday, July 28th. Mizuho raised their target price on Marathon Petroleum from $184.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, September 15th. Finally, Bank of America raised their target price on Marathon Petroleum from $184.00 to $192.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $200.31.

Insider Buying and Selling

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the sale, the insider owned 28,700 shares in the company, valued at $4,678,100. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.21% of the company's stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $186.39 on Tuesday. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $201.61. The stock's 50 day moving average price is $181.17 and its 200-day moving average price is $165.59. The company has a market capitalization of $56.67 billion, a PE ratio of 27.65, a PEG ratio of 2.87 and a beta of 0.90. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.74. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The company had revenue of $34.10 billion for the quarter, compared to analysts' expectations of $31.70 billion. During the same quarter in the previous year, the firm posted $4.12 EPS. Marathon Petroleum's revenue was down 11.1% on a year-over-year basis. On average, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.0%. Marathon Petroleum's dividend payout ratio is presently 54.01%.

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.

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