U.S. Capital Wealth Advisors LLC Decreases Holdings in Marathon Petroleum Corporation $MPC

Key Points

• U.S. Capital Wealth Advisors LLC reduced its stake in Marathon Petroleum by 10.4%, currently holding 22,413 shares valued at approximately $3.7 million.
• Multiple institutional investors have recently increased their holdings in Marathon Petroleum, with 76.77% of the stock now owned by hedge funds and other institutional investors.
• Marathon Petroleum reported an earnings per share (EPS) of $3.96 for the last quarter, exceeding analysts’ expectations of $3.22.

U.S. Capital Wealth Advisors LLC trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 10.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,413 shares of the oil and gas company's stock after selling 2,589 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Marathon Petroleum were worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Baker Tilly Wealth Management LLC lifted its holdings in shares of Marathon Petroleum by 2.8% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,226 shares of the oil and gas company's stock valued at $370,000 after purchasing an additional 60 shares during the last quarter. Sunpointe LLC lifted its holdings in shares of Marathon Petroleum by 4.1% in the 2nd quarter. Sunpointe LLC now owns 1,750 shares of the oil and gas company's stock valued at $291,000 after purchasing an additional 69 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in shares of Marathon Petroleum by 1.3% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 6,739 shares of the oil and gas company's stock valued at $982,000 after purchasing an additional 84 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Marathon Petroleum by 2.3% in the 1st quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock valued at $554,000 after purchasing an additional 86 shares during the last quarter. Finally, Southland Equity Partners LLC lifted its holdings in shares of Marathon Petroleum by 6.2% in the 1st quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company's stock valued at $226,000 after purchasing an additional 90 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the transaction, the insider owned 28,700 shares of the company's stock, valued at $4,678,100. This represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction on 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 transaction, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MPC. Wells Fargo & Company boosted their target price on Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley boosted their target price on Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Barclays boosted their target price on Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Scotiabank reaffirmed an "outperform" rating on shares of Marathon Petroleum in a research note on Friday, July 11th. Finally, UBS Group upped their price objective on Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus target price of $192.50.

Marathon Petroleum Stock Up 1.0%

MPC opened at $187.29 on Tuesday. The firm has a market cap of $56.94 billion, a P/E ratio of 27.79, a PEG ratio of 3.43 and a beta of 0.97. The business's fifty day simple moving average is $173.45 and its 200 day simple moving average is $159.06. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $188.70. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.74. The firm had revenue of $34.10 billion during 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%.The firm's quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.12 EPS. As a group, equities research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. Marathon Petroleum's dividend payout ratio is presently 54.01%.

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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