Marathon Petroleum Corporation $MPC Stock Sold by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN reduced its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 52.6% in the third quarter, HoldingsChannel reports. The firm owned 23,661 shares of the oil and gas company’s stock after selling 26,282 shares during the quarter. Marathon Petroleum makes up 1.8% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 25th largest position. Kirr Marbach & Co. LLC IN’s holdings in Marathon Petroleum were worth $9,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Focus Financial Network Inc. boosted its holdings in shares of Marathon Petroleum by 2.0% in the third quarter. Focus Financial Network Inc. now owns 1,066 shares of the oil and gas company’s stock worth $422,000 after buying an additional 21 shares during the last quarter. CRA Financial Services LLC grew its position in Marathon Petroleum by 1.2% during the third quarter. CRA Financial Services LLC now owns 1,844 shares of the oil and gas company’s stock valued at $729,000 after buying an additional 21 shares during the period. Avior Wealth Management LLC increased its holdings in Marathon Petroleum by 1.0% during the third quarter. Avior Wealth Management LLC now owns 2,130 shares of the oil and gas company’s stock valued at $842,000 after buying an additional 22 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in Marathon Petroleum by 7.8% during the third quarter. Physician Wealth Advisors Inc. now owns 316 shares of the oil and gas company’s stock valued at $125,000 after buying an additional 23 shares during the last quarter. Finally, LexAurum Advisors LLC increased its holdings in Marathon Petroleum by 2.6% during the third quarter. LexAurum Advisors LLC now owns 930 shares of the oil and gas company’s stock valued at $368,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.2%

Shares of NYSE:MPC opened at $474.78 on Wednesday. The stock has a 50 day moving average of $403.53 and a 200 day moving average of $312.67. The company has a market cap of $138.61 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 0.14 and a beta of 0.54. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $493.98. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter last year, the business earned $3.96 EPS. The firm’s revenue was up 53.5% compared to the same quarter last year. As a group, equities research analysts expect that Marathon Petroleum Corporation will post 62.78 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.8%. Marathon Petroleum’s dividend payout ratio is 13.75%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MPC shares. TD Cowen increased their price target on shares of Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley boosted their price objective on shares of Marathon Petroleum from $265.00 to $453.00 and gave the company an “overweight” rating in a research report on Monday, September 14th. Bank of America upped their price objective on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Evercore set a $330.00 target price on Marathon Petroleum in a report on Wednesday, August 5th. Finally, Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $417.88.

Insider Activity

In other news, SVP Shawn Lyon sold 1,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $375.75, for a total transaction of $375,750.00. Following the sale, the senior vice president directly owned 11,194 shares in the company, valued at $4,206,145.50. This trade represents a 8.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Molly Benson sold 17,196 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the transaction, the insider owned 30,334 shares in the company, valued at $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,691 shares of company stock worth $7,780,127 in the last three months. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.