Marathon Petroleum Corporation (NYSE:MPC) Stock Holdings Lessened by Sienna Gestion

Key Points

• Sienna Gestion reduced its holdings in Marathon Petroleum Corporation by 10.7% in the first quarter, now owning 49,634 shares valued at approximately $7.03 million.
• Marathon Petroleum's latest earnings report revealed earnings per share of $3.96, exceeding analyst expectations and indicating a revenue of $34.10 billion.
• The company announced a quarterly dividend of $0.91, with a dividend yield of 2.3% and a payout ratio of 54.01%.

Sienna Gestion decreased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,634 shares of the oil and gas company's stock after selling 5,975 shares during the period. Sienna Gestion's holdings in Marathon Petroleum were worth $7,029,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC grew its position in Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock worth $31,000 after buying an additional 201 shares during the last quarter. Hughes Financial Services LLC acquired a new position in Marathon Petroleum in the first quarter worth approximately $32,000. Decker Retirement Planning Inc. grew its position in Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after buying an additional 227 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Marathon Petroleum in the first quarter worth approximately $35,000. Institutional investors own 76.77% of the company's stock.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction 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 sale, the director owned 18,944 shares in the company, valued at $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MPC. Piper Sandler lifted their target price on shares of Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. UBS Group lifted their price objective on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Raymond James Financial restated an "outperform" rating and set a $200.00 price objective (up previously from $180.00) on shares of Marathon Petroleum in a report on Tuesday, July 15th. Finally, Scotiabank restated an "outperform" rating on shares of Marathon Petroleum in a report on Friday, July 11th. 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 company's stock. According to data from MarketBeat, Marathon Petroleum has an average rating of "Hold" and a consensus target price of $185.29.

Marathon Petroleum Price Performance

MPC traded up $0.09 during trading on Friday, hitting $162.41. The company's stock had a trading volume of 1,831,442 shares, compared to its average volume of 1,708,319. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.10. The firm has a market capitalization of $49.38 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 2.95 and a beta of 0.90. The business's fifty day simple moving average is $169.42 and its 200 day simple moving average is $154.04.

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

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Marathon Petroleum's dividend payout ratio (DPR) 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.