Marathon Petroleum Corporation $MPC Stake Decreased by SPC Financial Inc.

SPC Financial Inc. lessened its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,599 shares of the oil and gas company’s stock after selling 421 shares during the period. SPC Financial Inc.’s holdings in Marathon Petroleum were worth $4,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPC. Brighton Jones LLC raised its holdings in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Marathon Petroleum by 42.6% during the first quarter. Farther Finance Advisors LLC now owns 4,698 shares of the oil and gas company’s stock worth $689,000 after purchasing an additional 1,403 shares in the last quarter. GAMMA Investing LLC raised its holdings in Marathon Petroleum by 3.4% during the first quarter. GAMMA Investing LLC now owns 10,577 shares of the oil and gas company’s stock worth $1,541,000 after purchasing an additional 351 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Marathon Petroleum by 23.2% during the first quarter. Simon Quick Advisors LLC now owns 3,847 shares of the oil and gas company’s stock worth $560,000 after purchasing an additional 725 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Marathon Petroleum during the first quarter worth approximately $132,000. Institutional investors own 76.77% of the company’s stock.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction that occurred 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 in the company, valued at approximately $4,678,100. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Price Performance

NYSE MPC opened at $181.08 on Friday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The stock has a market capitalization of $55.05 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.04 and a beta of 0.90. The business’s fifty day moving average is $178.73 and its two-hundred day moving average is $163.60.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share 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 firm had revenue of $34.10 billion for the quarter, compared to analysts’ expectations of $31.70 billion. During the same period in the previous year, the company posted $4.12 EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. On average, research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 20th. Marathon Petroleum’s payout ratio is presently 54.01%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MPC. Wolfe Research cut Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Morgan Stanley upped their price target on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. Wells Fargo & Company upped their price target on Marathon Petroleum from $182.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday. Finally, Mizuho upped their price target on Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.92.

Marathon Petroleum Company 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.