Marathon Petroleum Corporation $MPC Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC cut its holdings in shares of Marathon Petroleum Corporation (NYSE:MPCFree Report) by 49.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,471 shares of the oil and gas company’s stock after selling 2,391 shares during the quarter. Integrated Advisors Network LLC’s holdings in Marathon Petroleum were worth $603,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank acquired a new stake in Marathon Petroleum during the 4th quarter worth about $472,312,000. Capital Wealth Planning LLC lifted its holdings in shares of Marathon Petroleum by 49,392.0% in the 4th quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock valued at $245,157,000 after buying an additional 1,495,097 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Marathon Petroleum by 3,816.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company’s stock worth $212,517,000 after buying an additional 1,273,386 shares during the last quarter. Man Group plc grew its holdings in Marathon Petroleum by 2,175.0% during the fourth quarter. Man Group plc now owns 568,790 shares of the oil and gas company’s stock worth $92,502,000 after acquiring an additional 543,788 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Marathon Petroleum by 104.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,055,897 shares of the oil and gas company’s stock worth $171,721,000 after acquiring an additional 540,283 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

Insider Buying and Selling at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, valued at $4,543,058. This represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. TD Cowen decreased their price target on Marathon Petroleum from $320.00 to $315.00 and set a “buy” rating for the company in a report on Monday, June 29th. Scotiabank raised their price objective on shares of Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Raymond James Financial lifted their target price on shares of Marathon Petroleum from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Finally, Mizuho increased their price target on shares of Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $272.62.

Get Our Latest Research Report on MPC

Marathon Petroleum Trading Up 1.0%

Shares of NYSE:MPC opened at $283.46 on Friday. The business’s 50 day moving average price is $255.98 and its 200-day moving average price is $222.07. Marathon Petroleum Corporation has a 1 year low of $158.00 and a 1 year high of $283.68. The firm has a market capitalization of $82.75 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 0.41 and a beta of 0.52. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping the consensus estimate of $0.74 by $0.91. The company had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) EPS. On average, equities research analysts forecast that Marathon Petroleum Corporation will post 32.96 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.4%. Marathon Petroleum’s payout ratio is currently 26.11%.

About Marathon Petroleum

(Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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