Private Advisor Group LLC Has $4.52 Million Stake in Marathon Petroleum Corporation (NYSE:MPC)

Private Advisor Group LLC decreased its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,051 shares of the oil and gas company's stock after selling 8,925 shares during the quarter. Private Advisor Group LLC's holdings in Marathon Petroleum were worth $4,524,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC raised its holdings in 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 worth $928,000 after purchasing an additional 76 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Marathon Petroleum by 2.3% during the first quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock worth $554,000 after purchasing an additional 86 shares in the last quarter. Southland Equity Partners LLC increased its position in shares of Marathon Petroleum by 6.2% during the first quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company's stock worth $226,000 after purchasing an additional 90 shares in the last quarter. Prudent Man Advisors LLC increased its position in shares of Marathon Petroleum by 2.3% during the first quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company's stock worth $591,000 after purchasing an additional 91 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Marathon Petroleum by 1.9% during the fourth quarter. Benjamin Edwards Inc. now owns 5,021 shares of the oil and gas company's stock worth $700,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wolfe Research lowered shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a research note on Tuesday. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. TD Cowen boosted their price target on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Citigroup boosted their target price on Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Marathon Petroleum presently has an average rating of "Hold" and an average target price of $183.93.

Insider Activity

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 18,944 shares of the company's stock, valued at $3,315,200. The trade was a 28.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded up $0.24 during trading on Friday, hitting $171.55. 281,932 shares of the stock were exchanged, compared to its average volume of 2,746,503. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. The company's fifty day simple moving average is $167.50 and its 200-day simple moving average is $152.15. The company has a market capitalization of $52.70 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 3.31 and a beta of 0.88.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $28.91 billion. During the same quarter in the prior year, the business earned $2.58 EPS. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is 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.