Fielder Capital Group LLC Sells 220 Shares of Marathon Petroleum Corporation $MPC

Fielder Capital Group LLC reduced its position in Marathon Petroleum Corporation (NYSE:MPC) by 10.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,850 shares of the oil and gas company’s stock after selling 220 shares during the quarter. Fielder Capital Group LLC’s holdings in Marathon Petroleum were worth $307,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MPC. Vanguard Group Inc. lifted its position in Marathon Petroleum by 12.3% during the first quarter. Vanguard Group Inc. now owns 34,941,391 shares of the oil and gas company’s stock valued at $5,090,611,000 after purchasing an additional 3,834,501 shares during the last quarter. Boston Partners lifted its position in Marathon Petroleum by 58.5% during the first quarter. Boston Partners now owns 5,448,514 shares of the oil and gas company’s stock valued at $791,274,000 after purchasing an additional 2,011,810 shares during the last quarter. Wellington Management Group LLP lifted its position in Marathon Petroleum by 18.7% during the first quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock valued at $1,722,664,000 after purchasing an additional 1,862,674 shares during the last quarter. Nuveen LLC bought a new stake in Marathon Petroleum during the first quarter valued at approximately $147,122,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Marathon Petroleum by 26.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,675,362 shares of the oil and gas company’s stock valued at $535,465,000 after purchasing an additional 769,015 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Up 0.1%

Shares of NYSE MPC opened at $196.17 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $201.61. The firm’s fifty day moving average is $183.52 and its 200 day moving average is $166.92. The company has a market cap of $59.64 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 4.10 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last issued its earnings results 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 net margin of 1.58% and a return on equity of 8.38%. The company had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same period in the previous year, the firm earned $4.12 earnings per share. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, equities research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 20th. Marathon Petroleum’s payout ratio is presently 54.01%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and set a $203.00 target price (up from $199.00) on shares of Marathon Petroleum in a research report on Friday, October 17th. Piper Sandler lifted their price target on shares of Marathon Petroleum from $184.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Dbs Bank raised shares of Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. UBS Group lifted their price target on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Finally, Morgan Stanley lifted their price target on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.31.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum 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 directly owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. The trade was a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

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.