SWS Partners Lowers Position in Marathon Petroleum Corporation $MPC

Key Points

• SWS Partners reduced its stake in Marathon Petroleum Corporation by 19.4%, holding 13,651 shares worth approximately $2.27 million after selling 3,277 shares in the second quarter.
• Marathon Petroleum recently reported earnings of $3.96 per share, exceeding estimates, with revenues of $34.10 billion, although quarterly revenue saw an 11.1% year-over-year decline.
• The company announced a quarterly dividend of $0.91 per share, reflecting a 1.8% dividend yield and a payout ratio of 54.01%.

SWS Partners lessened its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 19.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,651 shares of the oil and gas company's stock after selling 3,277 shares during the period. SWS Partners' holdings in Marathon Petroleum were worth $2,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPC. CBIZ Investment Advisory Services LLC raised its position in Marathon Petroleum by 1,546.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 201 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Marathon Petroleum during the first quarter valued at about $32,000. WPG Advisers LLC purchased a new stake in Marathon Petroleum during the first quarter valued at about $32,000. Decker Retirement Planning Inc. raised 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 valued at $35,000 after purchasing an additional 227 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in Marathon Petroleum during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Up 1.2%

NYSE MPC opened at $198.85 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The stock has a market capitalization of $60.45 billion, a PE ratio of 29.50, a PEG ratio of 3.44 and a beta of 0.97. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61. The business's 50-day moving average is $175.09 and its 200 day moving average is $160.70.

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

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 1.8%. Marathon Petroleum's dividend payout ratio (DPR) is presently 54.01%.

Analyst Ratings Changes

MPC has been the topic of a number of research reports. Barclays raised their price target on Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Evercore ISI raised their price target on Marathon Petroleum from $170.00 to $210.00 and gave the company an "in-line" rating in a research report on Friday, September 19th. Mizuho raised their price target on Marathon Petroleum from $184.00 to $188.00 and gave the company a "neutral" rating in a research report on Monday, September 15th. Raymond James Financial raised their price objective on Marathon Petroleum from $195.00 to $199.00 and gave the company an "outperform" rating in a research note on Tuesday, September 9th. Finally, TD Cowen reduced their price objective on Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average price target of $195.00.

Insider Activity

In related news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the sale, the director directly owned 18,944 shares of the company's stock, 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. Also, insider Molly R. Benson sold 10,879 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the sale, the insider directly owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

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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