Marathon Petroleum Corporation $MPC Stock Holdings Lessened by Blair William & Co. IL

Blair William & Co. IL reduced its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 9.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 45,406 shares of the oil and gas company’s stock after selling 4,763 shares during the quarter. Blair William & Co. IL’s holdings in Marathon Petroleum were worth $7,542,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its position in shares of Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after buying an additional 201 shares during the last quarter. Hughes Financial Services LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at about $32,000. WPG Advisers LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at about $32,000. Decker Retirement Planning Inc. lifted its position in 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 purchasing an additional 227 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter worth about $35,000. 76.77% of the stock is currently owned by institutional investors.

Insider Transactions at Marathon Petroleum

In related 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 transaction of $1,773,277.00. Following the transaction, the insider owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MPC shares. Raymond James Financial boosted their price target on shares of Marathon Petroleum from $195.00 to $199.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. Morgan Stanley lifted their target price on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Bank of America raised their price target on shares of Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Barclays raised their price target on shares of Marathon Petroleum from $159.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Mizuho raised their price target on shares of Marathon Petroleum from $184.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.92.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $181.08 on Friday. The firm has a fifty day simple moving average of $178.73 and a 200-day simple moving average of $163.60. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $201.61. The stock has a market capitalization of $55.05 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.04 and a beta of 0.90.

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, 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 business had revenue of $34.10 billion during the quarter, compared to analysts’ expectations of $31.70 billion. During the same period in the previous year, the company earned $4.12 earnings per share. Marathon Petroleum’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

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

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.