Tradewinds Capital Management LLC Decreases Stake in Marathon Petroleum Corporation $MPC

Key Points

• Tradewinds Capital Management LLC reduced its stake in Marathon Petroleum Corporation by 90.2%, now holding only 287 shares valued at $48,000.
• Marathon Petroleum's recent earnings report showed $3.96 earnings per share, exceeding analysts' expectations of $3.22, although revenue was down 11.1% year-over-year.
• The company declared a quarterly dividend of $0.91, representing a 2.0% yield with a payout ratio of 54.01%.

Tradewinds Capital Management LLC reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 90.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 287 shares of the oil and gas company's stock after selling 2,640 shares during the quarter. Tradewinds Capital Management LLC's holdings in Marathon Petroleum were worth $48,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MPC. Brighton Jones LLC grew its stake in shares of 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 valued at $696,000 after buying an additional 1,178 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Marathon Petroleum by 3.4% during the first quarter. GAMMA Investing LLC now owns 10,577 shares of the oil and gas company's stock worth $1,541,000 after buying an additional 351 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Marathon Petroleum by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 110,599 shares of the oil and gas company's stock worth $16,113,000 after buying an additional 2,539 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of Marathon Petroleum by 7.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 5,024 shares of the oil and gas company's stock valued at $734,000 after purchasing an additional 364 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Marathon Petroleum by 15.7% during the 1st quarter. CWA Asset Management Group LLC now owns 2,785 shares of the oil and gas company's stock valued at $406,000 after purchasing an additional 378 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Up 1.7%

Shares of NYSE MPC opened at $184.14 on Friday. The company has a market capitalization of $55.98 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90. 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 business has a 50-day moving average of $180.61 and a two-hundred day moving average of $164.76. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61.

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

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Marathon Petroleum's dividend payout ratio is presently 54.01%.

Insider Activity at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares of the company's stock, valued at $4,678,100. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

MPC has been the topic of several analyst reports. Piper Sandler increased their price target on Marathon Petroleum from $184.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Dbs Bank upgraded Marathon Petroleum to a "moderate buy" rating in a report on Monday, July 28th. Citigroup lifted their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Barclays raised their target price on shares of Marathon Petroleum from $176.00 to $194.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Morgan Stanley lifted their price target on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, October 3rd. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $200.31.

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.

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