Global Assets Advisory LLC Has $335,000 Stake in Marathon Petroleum Corporation $MPC

Global Assets Advisory LLC reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 37.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,970 shares of the oil and gas company’s stock after selling 1,174 shares during the quarter. Global Assets Advisory LLC’s holdings in Marathon Petroleum were worth $335,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brown Miller Wealth Management LLC increased its stake in shares of Marathon Petroleum by 13.4% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 2,976 shares of the oil and gas company’s stock valued at $494,000 after buying an additional 352 shares during the period. Capital City Trust Co. FL boosted its holdings in Marathon Petroleum by 0.5% in the second quarter. Capital City Trust Co. FL now owns 31,502 shares of the oil and gas company’s stock valued at $5,233,000 after acquiring an additional 157 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in Marathon Petroleum by 11.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,882 shares of the oil and gas company’s stock worth $1,143,000 after purchasing an additional 699 shares during the period. Clarius Group LLC lifted its position in Marathon Petroleum by 3.8% during the 2nd quarter. Clarius Group LLC now owns 4,017 shares of the oil and gas company’s stock valued at $667,000 after purchasing an additional 148 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Marathon Petroleum by 3.5% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,194 shares of the oil and gas company’s stock valued at $531,000 after purchasing an additional 107 shares during the period. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Molly R. Benson sold 10,879 shares of the 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 sale, the insider owned 28,700 shares of the company’s stock, valued at $4,678,100. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Bank of America upped their target price on shares of Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a research report on Monday, July 28th. Scotiabank reaffirmed an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, July 11th. Finally, Evercore ISI upped their price objective on Marathon Petroleum from $170.00 to $210.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $196.29.

Marathon Petroleum Price Performance

MPC opened at $193.34 on Tuesday. The stock has a market cap of $58.78 billion, a P/E ratio of 28.69, a P/E/G ratio of 3.35 and a beta of 0.90. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $201.61. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $177.39 and a 200 day simple moving average of $162.63.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The company had revenue of $34.10 billion during the quarter, compared to the consensus estimate of $31.70 billion. During the same period in the prior year, the company earned $4.12 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

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