Zhang Financial LLC Has $251,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Zhang Financial LLC trimmed its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 83.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,721 shares of the oil and gas company's stock after selling 8,433 shares during the quarter. Zhang Financial LLC's holdings in Marathon Petroleum were worth $251,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MPC. Nixon Peabody Trust Co. grew its position in Marathon Petroleum by 3.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after purchasing an additional 68 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in shares of Marathon Petroleum by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after buying an additional 69 shares during the period. DT Investment Partners LLC raised its position in Marathon Petroleum by 21.5% during the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock valued at $55,000 after buying an additional 70 shares during the period. Buckley Wealth Management LLC lifted its stake in Marathon Petroleum by 0.5% in the 4th quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company's stock worth $1,998,000 after acquiring an additional 75 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC boosted its position in Marathon Petroleum by 1.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock worth $928,000 after acquiring an additional 76 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

MPC traded up $0.92 during trading on Friday, hitting $165.99. The stock had a trading volume of 2,704,849 shares, compared to its average volume of 2,689,732. The firm has a market cap of $50.99 billion, a PE ratio of 16.72, a P/E/G ratio of 3.11 and a beta of 0.89. The company has a 50 day simple moving average of $146.54 and a 200-day simple moving average of $146.38. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.58 earnings per share. Analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Raymond James decreased their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Scotiabank dropped their price target 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 reduced their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Barclays boosted their target price on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Marathon Petroleum has an average rating of "Moderate Buy" and an average price target of $176.21.

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.