Recurrent Investment Advisors LLC Sells 100,673 Shares of Marathon Petroleum Corporation $MPC

Recurrent Investment Advisors LLC lowered its position in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 35.7% during the first quarter, Holdings Channel reports. The firm owned 180,958 shares of the oil and gas company’s stock after selling 100,673 shares during the period. Marathon Petroleum comprises 2.7% of Recurrent Investment Advisors LLC’s portfolio, making the stock its 19th largest holding. Recurrent Investment Advisors LLC’s holdings in Marathon Petroleum were worth $44,186,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Marathon Petroleum during the fourth quarter worth $472,312,000. Capital Wealth Planning LLC lifted its holdings in Marathon Petroleum by 49,392.0% in the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock valued at $245,157,000 after buying an additional 1,495,097 shares during the period. Pacer Advisors Inc. boosted its position in Marathon Petroleum by 3,816.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company’s stock valued at $212,517,000 after acquiring an additional 1,273,386 shares during the last quarter. GHE LLC grew its holdings in Marathon Petroleum by 1,939.8% during the 1st quarter. GHE LLC now owns 649,542 shares of the oil and gas company’s stock worth $158,605,000 after acquiring an additional 617,699 shares during the period. Finally, Man Group plc grew its holdings in Marathon Petroleum by 2,175.0% during the 4th quarter. Man Group plc now owns 568,790 shares of the oil and gas company’s stock worth $92,502,000 after acquiring an additional 543,788 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the transaction, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $306.58 on Wednesday. The firm has a market capitalization of $89.50 billion, a P/E ratio of 20.01, a P/E/G ratio of 0.20 and a beta of 0.52. The firm’s 50-day moving average price is $270.57 and its 200-day moving average price is $234.97. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 1-year low of $158.00 and a 1-year high of $326.92.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same period last year, the business posted ($0.24) EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Marathon Petroleum Corporation will post 43.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MPC has been the topic of a number of recent analyst reports. TD Cowen boosted their price objective on Marathon Petroleum from $315.00 to $357.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Scotiabank raised their target price on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. UBS Group reaffirmed a “buy” rating and set a $321.00 target price on shares of Marathon Petroleum in a research note on Friday, July 10th. Weiss Ratings raised Marathon Petroleum from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 6th. Finally, Bank of America increased their price target on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.69.

Check Out Our Latest Stock Report on MPC

Marathon Petroleum Profile

(Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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