Rainier Family Wealth Inc. Sells 531 Shares of Marathon Petroleum Corporation $MPC

Rainier Family Wealth Inc. lowered its position in Marathon Petroleum Corporation (NYSE:MPC) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,502 shares of the oil and gas company’s stock after selling 531 shares during the period. Rainier Family Wealth Inc.’s holdings in Marathon Petroleum were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Sunpointe LLC raised its stake in shares of Marathon Petroleum by 5.1% in the first quarter. Sunpointe LLC now owns 1,681 shares of the oil and gas company’s stock valued at $245,000 after acquiring an additional 81 shares during the last quarter. Beverly Hills Private Wealth LLC raised its position in 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 worth $982,000 after purchasing an additional 84 shares during the last quarter. Valmark Advisers Inc. raised its position in 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 worth $554,000 after purchasing an additional 86 shares during the last quarter. Southland Equity Partners LLC raised its position in 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 worth $226,000 after purchasing an additional 90 shares during the last quarter. Finally, Prudent Man Advisors LLC raised its position in Marathon Petroleum by 2.3% in the 1st quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company’s stock worth $591,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Raymond James Financial boosted their price objective on shares of Marathon Petroleum from $195.00 to $199.00 and gave the stock an “outperform” rating in a research report on Tuesday. Evercore ISI assumed coverage on shares of Marathon Petroleum in a research report on Wednesday, June 18th. They issued an “in-line” rating and a $170.00 price objective for the company. TD Cowen dropped their price objective on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, Dbs Bank raised shares of Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $189.36.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider owned 28,700 shares of the company’s stock, valued at $4,678,100. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim K.W. Rucker sold 7,392 shares of the business’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

Marathon Petroleum Price Performance

MPC opened at $182.14 on Friday. The company has a fifty day moving average price of $172.65 and a two-hundred day moving average price of $156.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $186.28. The firm has a market capitalization of $55.37 billion, a PE ratio of 27.02, a P/E/G ratio of 3.67 and a beta of 0.97.

Marathon Petroleum (NYSE:MPC) last released its earnings results 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. 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 analyst estimates of $31.70 billion. During the same quarter in the previous year, the business earned $4.12 EPS. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. As a group, analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued 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 2.0%. Marathon Petroleum’s payout ratio is 54.01%.

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.