Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC reduced its position in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,960 shares of the oil and gas company’s stock after selling 415 shares during the period. Affinity Investment Advisors LLC’s holdings in Marathon Petroleum were worth $1,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. InterOcean Capital Group LLC grew its stake in shares of Marathon Petroleum by 3.5% in the fourth quarter. InterOcean Capital Group LLC now owns 4,591 shares of the oil and gas company’s stock worth $681,000 after acquiring an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Marathon Petroleum by 1.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,473 shares of the oil and gas company’s stock worth $960,000 after purchasing an additional 94 shares during the period. Nemes Rush Group LLC raised its position in Marathon Petroleum by 0.9% in the 4th quarter. Nemes Rush Group LLC now owns 37,108 shares of the oil and gas company’s stock valued at $5,505,000 after purchasing an additional 319 shares in the last quarter. Keystone Financial Group raised its position in Marathon Petroleum by 25.2% in the 4th quarter. Keystone Financial Group now owns 4,573 shares of the oil and gas company’s stock valued at $678,000 after purchasing an additional 920 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Marathon Petroleum by 17.6% during the fourth quarter. Franklin Resources Inc. now owns 692,063 shares of the oil and gas company’s stock worth $102,675,000 after buying an additional 103,471 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock traded up $0.50 during trading on Tuesday, reaching $176.58. The company’s stock had a trading volume of 2,342,849 shares, compared to its average volume of 2,729,787. The firm has a market cap of $62.21 billion, a PE ratio of 8.82, a P/E/G ratio of 1.53 and a beta of 1.55. The company has a 50-day moving average price of $195.09 and a two-hundred day moving average price of $170.49. The company has a current ratio of 1.43, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPCGet Free Report) last announced its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The business had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $32.07 billion. During the same period in the prior year, the company earned $6.09 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. On average, analysts forecast that Marathon Petroleum Co. will post 19.53 EPS for the current year.

Marathon Petroleum announced that its board has approved a stock repurchase plan on Tuesday, April 30th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of 1.87%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MPC shares. Raymond James lifted their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 31st. Scotiabank boosted their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. The Goldman Sachs Group raised their price target on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Piper Sandler lowered their price objective on Marathon Petroleum from $204.00 to $190.00 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. Finally, StockNews.com lowered Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $190.77.

Check Out Our Latest Stock Report on MPC

About Marathon Petroleum

(Free Report)

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.

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

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