Marathon Petroleum Corporation $MPC Shares Sold by GoalVest Advisory LLC

GoalVest Advisory LLC trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 25.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 946 shares of the oil and gas company’s stock after selling 330 shares during the period. GoalVest Advisory LLC’s holdings in Marathon Petroleum were worth $157,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MPC. Brighton Jones LLC increased its holdings in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after purchasing an additional 1,178 shares in the last quarter. GAMMA Investing LLC increased its holdings in Marathon Petroleum by 3.4% in the 1st quarter. GAMMA Investing LLC now owns 10,577 shares of the oil and gas company’s stock worth $1,541,000 after acquiring an additional 351 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Marathon Petroleum by 140.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,483 shares of the oil and gas company’s stock worth $216,000 after acquiring an additional 867 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Marathon Petroleum by 3.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 17,153 shares of the oil and gas company’s stock worth $2,499,000 after acquiring an additional 599 shares in the last quarter. Finally, Diversified Trust Co increased its holdings in Marathon Petroleum by 2.0% in the 1st quarter. Diversified Trust Co now owns 6,678 shares of the oil and gas company’s stock worth $973,000 after acquiring an additional 133 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPC has been the subject of several recent analyst reports. Morgan Stanley boosted their price target on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Dbs Bank raised shares of Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. Wolfe Research lowered shares of Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. TD Cowen dropped their target price on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, Evercore ISI upped their price objective on shares of Marathon Petroleum from $170.00 to $210.00 and gave the company an “in-line” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.31.

Insiders Place Their Bets

In related news, insider Molly R. Benson sold 10,879 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the sale, the insider owned 28,700 shares of the company’s stock, valued at $4,678,100. This trade 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 through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Trading Up 0.1%

NYSE MPC opened at $196.17 on Monday. The firm’s 50-day moving average is $183.52 and its two-hundred day moving average is $167.50. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $201.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The stock has a market capitalization of $59.64 billion, a P/E ratio of 29.10, a PEG ratio of 4.11 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last issued 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. The business had revenue of $34.10 billion for the quarter, compared to analysts’ expectations of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.12 earnings per share. On average, sell-side analysts anticipate 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 issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 1.9%. Marathon Petroleum’s dividend payout ratio (DPR) is 54.01%.

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.