Ritholtz Wealth Management Sells 1,707 Shares of Marathon Petroleum Co. (NYSE:MPC)

Ritholtz Wealth Management lessened its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,425 shares of the oil and gas company's stock after selling 1,707 shares during the period. Ritholtz Wealth Management's holdings in Marathon Petroleum were worth $2,976,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MPC. Brighton Jones LLC grew its position in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after buying an additional 1,178 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Marathon Petroleum by 52.2% in the fourth quarter. Vontobel Holding Ltd. now owns 16,499 shares of the oil and gas company's stock valued at $2,302,000 after purchasing an additional 5,661 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Marathon Petroleum by 3.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 9,399 shares of the oil and gas company's stock worth $1,311,000 after buying an additional 292 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Marathon Petroleum by 10.3% in the 4th quarter. Principal Securities Inc. now owns 5,550 shares of the oil and gas company's stock valued at $774,000 after buying an additional 516 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth about $15,649,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Up 0.4%

MPC stock traded up $0.63 during midday trading on Monday, hitting $166.78. 2,882,588 shares of the company's stock were exchanged, compared to its average volume of 2,774,356. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $183.31. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The company has a market cap of $51.24 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The stock's fifty day moving average price is $147.49 and its 200-day moving average price is $146.32.

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, topping analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the prior year, the firm posted $2.58 EPS. The business's revenue was down 4.1% on a year-over-year basis. Research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share 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 given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is currently 51.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MPC shares. Morgan Stanley decreased their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Scotiabank decreased their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler cut their target price 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. Barclays increased their price target on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, TD Cowen boosted their price objective on Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $176.21.

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.