Prudent Man Advisors LLC Sells 2,301 Shares of Marathon Petroleum Corporation $MPC

Prudent Man Advisors LLC reduced its position in Marathon Petroleum Corporation (NYSE:MPC) by 56.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,755 shares of the oil and gas company’s stock after selling 2,301 shares during the period. Prudent Man Advisors LLC’s holdings in Marathon Petroleum were worth $292,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Marathon Petroleum by 88.7% during the 2nd quarter. Brighton Jones LLC now owns 11,463 shares of the oil and gas company’s stock valued at $1,904,000 after acquiring an additional 5,387 shares in the last quarter. MQS Management LLC bought a new position in Marathon Petroleum during the 2nd quarter valued at $247,000. CVA Family Office LLC lifted its stake in Marathon Petroleum by 4.7% during the 2nd quarter. CVA Family Office LLC now owns 4,515 shares of the oil and gas company’s stock valued at $750,000 after acquiring an additional 203 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in Marathon Petroleum by 33.0% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 9,591 shares of the oil and gas company’s stock valued at $1,594,000 after acquiring an additional 2,380 shares in the last quarter. Finally, Peterson Wealth Services lifted its stake in Marathon Petroleum by 2.3% during the 2nd quarter. Peterson Wealth Services now owns 19,417 shares of the oil and gas company’s stock valued at $3,225,000 after acquiring an additional 442 shares in the last quarter. 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 dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the sale, the insider directly owned 28,700 shares in the company, valued at approximately $4,678,100. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore ISI raised their price objective on Marathon Petroleum from $170.00 to $210.00 and gave the company an “in-line” rating in a research note on Friday, September 19th. TD Cowen dropped their price objective on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Citigroup lifted their target price on Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Finally, BMO Capital Markets lifted their target price on Marathon Petroleum from $195.00 to $208.00 and gave the stock an “outperform” rating in a research note on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.31.

Marathon Petroleum Trading Up 0.1%

NYSE MPC opened at $196.17 on Friday. The stock has a market capitalization of $59.64 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 4.11 and a beta of 0.90. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $201.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The business’s fifty day moving average is $183.52 and its 200-day moving average is $167.25.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The business had revenue of $34.10 billion for the quarter, compared to analysts’ expectations of $31.70 billion. During the same period in the previous year, the business posted $4.12 EPS. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. Equities research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, August 20th. Marathon Petroleum’s payout ratio is currently 54.01%.

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.