Signature Estate & Investment Advisors LLC Has $239,000 Holdings in Marathon Petroleum Corporation $MPC

Signature Estate & Investment Advisors LLC cut its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 22.9% in the first quarter, HoldingsChannel reports. The fund owned 1,641 shares of the oil and gas company’s stock after selling 487 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Marathon Petroleum were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MPC. Fourth Dimension Wealth LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth about $26,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 201 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the 1st quarter worth about $32,000. WPG Advisers LLC purchased a new stake in shares of Marathon Petroleum during the 1st quarter worth about $32,000. Finally, Decker Retirement Planning Inc. raised its stake in shares of Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 227 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 0.8%

Shares of MPC stock opened at $181.64 on Thursday. The stock’s 50 day simple moving average is $172.45 and its 200 day simple moving average is $156.72. 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 twelve month low of $115.10 and a twelve month high of $186.28. The company has a market capitalization of $55.22 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.70 and a beta of 0.97.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data 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 return on equity of 8.38% and a net margin of 1.58%.The business had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same period last year, the business earned $4.12 EPS. The firm’s revenue was down 11.1% compared to the same quarter last year. As a group, research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Marathon Petroleum’s payout ratio is currently 54.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MPC shares. Scotiabank reaffirmed an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, July 11th. Wolfe Research downgraded Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. TD Cowen cut their price target on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Barclays raised their price target on Marathon Petroleum from $159.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Finally, Citigroup raised their price target on Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.50.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the transaction, the insider directly 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 SEC, which is available at the SEC website. Also, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

About Marathon Petroleum

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.