Marathon Petroleum Corporation $MPC Shares Sold by Savant Capital LLC

Savant Capital LLC cut its position in Marathon Petroleum Corporation (NYSE:MPC) by 17.3% during the fourth quarter, Holdings Channel reports. The firm owned 28,227 shares of the oil and gas company’s stock after selling 5,888 shares during the period. Savant Capital LLC’s holdings in Marathon Petroleum were worth $4,591,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of MPC. Navalign LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at about $31,000. Berbice Capital Management LLC increased its holdings in shares of Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum in the second quarter valued at about $33,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at about $34,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. Weiss Ratings lowered Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. TD Cowen increased their price objective on Marathon Petroleum to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wells Fargo & Company increased their price objective on Marathon Petroleum to $335.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Piper Sandler raised their target price on Marathon Petroleum from $197.00 to $228.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $268.50.

Key Headlines Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum was upgraded to Zacks Rank #1 (Strong Buy), signaling stronger earnings expectations and a more favorable near-term outlook. What Makes Marathon Petroleum (MPC) a New Strong Buy Stock
• Positive Sentiment: MPC appeared on Zacks’ momentum, value, and growth stock screens, which reinforces investor interest from multiple angles. Best Momentum Stock to Buy for May 28th
• Positive Sentiment: The stock was also added to Zacks’ “New Strong Buy” and “Best Growth Stocks” lists, which may help sustain bullish sentiment among traders and growth-focused investors. New Strong Buy Stocks for May 28th
• Positive Sentiment: Marathon Petroleum was highlighted in a Zacks energy growth-stock article alongside other names benefiting from supply risks and strong demand, suggesting the sector backdrop remains supportive. 3 Energy Growth Stocks Riding Supply Risks and Strong Demand

Marathon Petroleum Stock Down 1.1%

Marathon Petroleum stock opened at $248.45 on Friday. The firm has a market cap of $72.53 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.40 and a beta of 0.53. Marathon Petroleum Corporation has a 52 week low of $155.93 and a 52 week high of $264.14. The business’s 50-day moving average price is $240.26 and its 200 day moving average price is $207.70. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping the consensus estimate of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.Marathon Petroleum’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned ($0.24) earnings per share. As a group, sell-side analysts anticipate that Marathon Petroleum Corporation will post 30.05 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider owned 10,188 shares in the company, valued at approximately $2,290,058.64. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 4,473 shares of company stock worth $1,015,428 in the last quarter. Corporate insiders own 0.17% of the company’s stock.

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.