CMH Wealth Management LLC Decreases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

CMH Wealth Management LLC trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 22.8% in the first quarter, Holdings Channel reports. The institutional investor owned 2,229 shares of the oil and gas company’s stock after selling 660 shares during the period. CMH Wealth Management LLC’s holdings in Marathon Petroleum were worth $325,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SWS Partners lifted its holdings in Marathon Petroleum by 19.0% during the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock worth $2,452,000 after buying an additional 2,806 shares during the last quarter. Greatmark Investment Partners Inc. lifted its holdings in Marathon Petroleum by 3.5% during the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock worth $22,483,000 after buying an additional 5,476 shares during the last quarter. TCTC Holdings LLC lifted its holdings in shares of Marathon Petroleum by 3.3% in the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock valued at $12,730,000 after purchasing an additional 2,892 shares during the last quarter. Cambridge Financial Group Inc. purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $5,624,000. Finally, Principal Securities Inc. lifted its holdings in shares of Marathon Petroleum by 10.3% in the 4th quarter. Principal Securities Inc. now owns 5,550 shares of the oil and gas company’s stock valued at $774,000 after purchasing an additional 516 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

NYSE MPC opened at $160.18 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $143.86 and its two-hundred day moving average is $146.06. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31. The stock has a market capitalization of $49.21 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 3.11 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $31.85 billion for the quarter, compared to analysts’ expectations of $28.91 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum’s payout ratio is 51.20%.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. This trade represents a 19.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MPC shares. Barclays boosted their target price on Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Piper Sandler reduced their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Mizuho boosted their target price on Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Morgan Stanley reduced their target price on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen raised Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.29.

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.