Nilsine Partners LLC Has $2.65 Million Stock Position in Marathon Petroleum Corporation (NYSE:MPC)

Nilsine Partners LLC lowered its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 44.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,206 shares of the oil and gas company's stock after selling 14,477 shares during the period. Nilsine Partners LLC's holdings in Marathon Petroleum were worth $2,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Nixon Peabody Trust Co. raised its holdings in shares of Marathon Petroleum by 3.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock valued at $288,000 after purchasing an additional 68 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock valued at $596,000 after purchasing an additional 69 shares during the period. Buckley Wealth Management LLC raised its holdings in shares of Marathon Petroleum by 0.5% during the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company's stock valued at $1,998,000 after purchasing an additional 75 shares during the period. Beverly Hills Private Wealth LLC raised its holdings in shares of Marathon Petroleum by 1.2% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock valued at $928,000 after purchasing an additional 76 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Marathon Petroleum by 2.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 3,010 shares of the oil and gas company's stock valued at $442,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Wells Fargo & Company increased their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Piper Sandler decreased their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Morgan Stanley decreased their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, TD Cowen increased their price objective on shares of 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 assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $175.80.

Marathon Petroleum Stock Up 0.9%

MPC opened at $168.93 on Friday. The company has a 50 day moving average of $151.77 and a 200 day moving average of $146.86. The company has a market cap of $51.90 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.30 and a beta of 0.89. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. Marathon Petroleum's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $2.58 EPS. On average, sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

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 annualized dividend and a yield of 2.15%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

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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