Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Invera Wealth Advisors LLC

Invera Wealth Advisors LLC lowered its holdings in Marathon Petroleum Co. (NYSE:MPC) by 11.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,755 shares of the oil and gas company’s stock after selling 767 shares during the period. Invera Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $1,122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Marathon Petroleum by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,153,636 shares of the oil and gas company’s stock valued at $764,526,000 after purchasing an additional 137,341 shares during the last quarter. Northern Trust Corp raised its holdings in Marathon Petroleum by 1.0% during the 3rd quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock worth $685,088,000 after buying an additional 43,989 shares during the period. Raymond James & Associates lifted its stake in Marathon Petroleum by 1.9% during the first quarter. Raymond James & Associates now owns 4,178,977 shares of the oil and gas company’s stock valued at $842,064,000 after buying an additional 76,920 shares in the last quarter. Norges Bank acquired a new position in shares of Marathon Petroleum in the fourth quarter worth about $500,685,000. Finally, Principal Financial Group Inc. increased its position in shares of Marathon Petroleum by 1.4% in the third quarter. Principal Financial Group Inc. now owns 2,746,614 shares of the oil and gas company’s stock worth $415,673,000 after acquiring an additional 36,987 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MPC. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Barclays raised their target price on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. upped their price target on Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Mizuho increased their price objective on Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Scotiabank lifted their target price on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Stock Up 1.1 %

NYSE MPC traded up $2.12 during trading on Monday, reaching $200.51. The company’s stock had a trading volume of 2,013,808 shares, compared to its average volume of 2,747,998. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $72.25 billion, a PE ratio of 8.52, a PEG ratio of 1.61 and a beta of 1.52. Marathon Petroleum Co. has a 1-year low of $104.32 and a 1-year high of $221.11. The business has a 50-day moving average price of $193.00 and a 200-day moving average price of $167.44.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $1.77. The business had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. Marathon Petroleum’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.65 EPS. On average, research analysts forecast that Marathon Petroleum Co. will post 20.49 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of 1.65%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

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.