Aspiriant LLC Trims Stock Position in Marathon Petroleum Corporation $MPC

Aspiriant LLC lessened its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,815 shares of the oil and gas company’s stock after selling 433 shares during the quarter. Aspiriant LLC’s holdings in Marathon Petroleum were worth $1,132,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MPC. Activest Wealth Management raised its position in shares of Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 119 shares during the period. CBIZ Investment Advisory Services LLC raised its position in Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 201 shares during the period. Hughes Financial Services LLC purchased a new stake in Marathon Petroleum in the first quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in Marathon Petroleum in the first quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. raised its position in Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $184.14 on Friday. The company has a fifty day simple moving average of $180.61 and a two-hundred day simple moving average of $164.76. The company has a market cap of $55.98 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90. 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.

Marathon Petroleum (NYSE:MPC) last posted its quarterly 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. The business had revenue of $34.10 billion during the quarter, compared to the consensus estimate of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.12 earnings per share. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal 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 dividend of $0.91 per share. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. Marathon Petroleum’s payout ratio is presently 54.01%.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a research report on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a research report on Thursday, October 9th. BMO Capital Markets boosted their target price on Marathon Petroleum from $195.00 to $208.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. TD Cowen cut their target price on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Finally, Barclays boosted their target price on Marathon Petroleum from $176.00 to $194.00 and gave the company an “overweight” rating in a research report on Monday. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.31.

Insider Activity at Marathon Petroleum

In related 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 completion of the transaction, the insider owned 28,700 shares in the company, valued at approximately $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

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.