Vestmark Advisory Solutions Inc. Sells 15,578 Shares of Marathon Petroleum Corporation $MPC

Vestmark Advisory Solutions Inc. trimmed its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 93.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,150 shares of the oil and gas company’s stock after selling 15,578 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Marathon Petroleum were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Associated Banc Corp grew its holdings in Marathon Petroleum by 2.1% in the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 52 shares during the last quarter. CoreCap Advisors LLC grew its stake in Marathon Petroleum by 2.6% during the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock worth $456,000 after buying an additional 59 shares during the last quarter. FSM Wealth Advisors LLC increased its position in Marathon Petroleum by 1.6% during the 3rd quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock valued at $760,000 after buying an additional 63 shares in the last quarter. Warwick Investment Management Inc. boosted its holdings in Marathon Petroleum by 4.6% in the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock worth $277,000 after acquiring an additional 63 shares in the last quarter. Finally, Simmons Bank boosted its stake in Marathon Petroleum by 1.3% in the 3rd quarter. Simmons Bank now owns 5,105 shares of the oil and gas company’s stock worth $984,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE MPC opened at $197.94 on Friday. The stock has a market capitalization of $59.50 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.29 and a beta of 0.74. The stock has a 50-day moving average of $182.09 and a 200 day moving average of $184.50. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $210.32.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The business’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is 29.96%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MPC. TD Cowen lifted their price target on Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Scotiabank reissued an “outperform” rating and set a $174.00 target price on shares of Marathon Petroleum in a report on Friday, January 16th. Finally, UBS Group reissued a “buy” rating and issued a $221.00 price objective on shares of Marathon Petroleum in a report on Friday, February 6th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.