Marathon Petroleum Corporation (NYSE:MPC) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 30.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 19,319 shares of the oil and gas company’s stock after selling 8,525 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Marathon Petroleum were worth $2,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth about $26,000. CBIZ Investment Advisory Services LLC lifted its position in 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 acquiring an additional 201 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter valued at about $32,000. Decker Retirement Planning Inc. lifted its holdings in shares of Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 227 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Buying and Selling

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the business’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. The trade was a 28.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Price Performance

NYSE:MPC opened at $161.64 on Thursday. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.10. The stock has a 50 day moving average of $169.28 and a two-hundred day moving average of $153.87. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. The firm has a market cap of $49.14 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 2.89 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%. The company had revenue of $34.10 billion during the quarter, compared to analyst estimates of $31.70 billion. During the same period in the previous year, the business earned $4.12 EPS. Marathon Petroleum’s quarterly revenue was down 11.1% on a year-over-year basis. On average, analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, August 20th. Marathon Petroleum’s payout ratio is 54.01%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wolfe Research cut Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Mizuho boosted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Dbs Bank raised Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. UBS Group boosted their price objective on Marathon Petroleum from $175.00 to $203.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Finally, Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $185.29.

Marathon Petroleum 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.