Marathon Petroleum Corporation (NYSE:MPC) Stock Position Decreased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group cut its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 22.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,075 shares of the oil and gas company's stock after selling 2,970 shares during the quarter. Rehmann Capital Advisory Group's holdings in Marathon Petroleum were worth $1,468,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MPC. Fourth Dimension Wealth LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $26,000. Decker Retirement Planning Inc. boosted its position in Marathon Petroleum by 1,621.4% during the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 227 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Marathon Petroleum during the first quarter worth approximately $35,000. Capital A Wealth Management LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $52,000. Finally, Millstone Evans Group LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $55,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 1.1%

Marathon Petroleum stock traded down $2.04 during midday trading on Friday, hitting $180.23. 616,030 shares of the stock were exchanged, compared to its average volume of 2,701,514. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.49. The firm has a market cap of $55.37 billion, a P/E ratio of 25.31, a P/E/G ratio of 3.52 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The company has a 50 day moving average price of $162.98 and a two-hundred day moving average price of $149.59.

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 (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. 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 previous year, the firm posted $2.58 EPS. The firm's quarterly revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's payout ratio is currently 51.20%.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director owned 18,944 shares of the company's stock, valued at approximately $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 at the SEC website. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of analyst reports. Mizuho raised their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday. Morgan Stanley decreased their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Raymond James Financial reiterated a "strong-buy" rating on shares of Marathon Petroleum in a report on Monday, June 30th. Finally, Piper Sandler lifted their price target on shares of Marathon Petroleum from $157.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $184.38.

Marathon Petroleum 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.