Stonebrook Private Inc. Has $3.16 Million Position in Marathon Petroleum Corporation (NYSE:MPC)

Stonebrook Private Inc. trimmed its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,659 shares of the oil and gas company’s stock after selling 549 shares during the quarter. Stonebrook Private Inc.’s holdings in Marathon Petroleum were worth $3,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Poinciana Advisors Group LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter worth about $214,000. LBP AM SA boosted its holdings in shares of Marathon Petroleum by 28.4% during the 1st quarter. LBP AM SA now owns 65,444 shares of the oil and gas company’s stock worth $9,535,000 after buying an additional 14,463 shares during the period. Greenleaf Trust boosted its holdings in shares of Marathon Petroleum by 3.5% during the 1st quarter. Greenleaf Trust now owns 11,196 shares of the oil and gas company’s stock worth $1,631,000 after buying an additional 382 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Marathon Petroleum by 4.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 155,529 shares of the oil and gas company’s stock worth $22,244,000 after buying an additional 6,515 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of Marathon Petroleum by 2.3% during the 1st quarter. Brown Advisory Inc. now owns 6,102 shares of the oil and gas company’s stock worth $889,000 after buying an additional 137 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Down 0.2%

Shares of Marathon Petroleum stock opened at $179.52 on Thursday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.31. The firm has a market cap of $55.15 billion, a PE ratio of 25.25, a PEG ratio of 3.47 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The company has a 50 day simple moving average of $162.09 and a two-hundred day simple moving average of $149.26.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same period in the previous year, the business posted $2.58 earnings per share. Marathon Petroleum’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.03%. Marathon Petroleum’s payout ratio is 51.20%.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 7,392 shares of the business’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. The trade was a 28.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Scotiabank cut their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Mizuho upped their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Morgan Stanley reduced their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Barclays increased their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marathon Petroleum in a research note on Monday, June 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.13.

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.