Mutual of America Capital Management LLC Sells 1,515 Shares of Marathon Petroleum Corporation $MPC

Mutual of America Capital Management LLC lowered its position in Marathon Petroleum Corporation (NYSE:MPC) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,616 shares of the oil and gas company’s stock after selling 1,515 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Marathon Petroleum were worth $6,581,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Woodard & Co. Asset Management Group Inc. ADV increased its holdings in shares of Marathon Petroleum by 5.4% in the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 13,828 shares of the oil and gas company’s stock worth $2,297,000 after purchasing an additional 704 shares during the period. Koshinski Asset Management Inc. increased its holdings in shares of Marathon Petroleum by 3.4% in the second quarter. Koshinski Asset Management Inc. now owns 7,967 shares of the oil and gas company’s stock worth $1,323,000 after purchasing an additional 264 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Marathon Petroleum by 64.6% in the second quarter. Stratos Wealth Partners LTD. now owns 22,103 shares of the oil and gas company’s stock worth $3,672,000 after purchasing an additional 8,672 shares during the period. Activest Wealth Management increased its holdings in shares of Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares during the period. Finally, Werba Rubin Papier Wealth Management increased its stake in Marathon Petroleum by 4.2% in the second quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 1.0%

NYSE MPC opened at $186.39 on Tuesday. 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 $56.67 billion, a PE ratio of 27.65, a PEG ratio of 2.87 and a beta of 0.90. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61. The business’s 50-day moving average is $181.17 and its 200 day moving average is $165.59.

Marathon Petroleum (NYSE:MPC) last posted its 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 company had revenue of $34.10 billion for the quarter, compared to analysts’ expectations of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.Marathon Petroleum’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.12 earnings per share. Sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 annualized dividend and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 54.01%.

Insider Buying and Selling

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 28,700 shares in the company, valued at $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a research note on Wednesday, October 8th. Dbs Bank raised Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Wolfe Research cut Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a research note on Thursday, October 9th. Finally, BMO Capital Markets increased their target price on Marathon Petroleum from $195.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.31.

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.