True North Advisors LLC Sells 1,975 Shares of Marathon Petroleum Corporation $MPC

True North Advisors LLC decreased its stake in Marathon Petroleum Corporation (NYSE:MPC) by 67.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 942 shares of the oil and gas company’s stock after selling 1,975 shares during the quarter. True North Advisors LLC’s holdings in Marathon Petroleum were worth $230,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MPC. Norges Bank bought a new stake in Marathon Petroleum in the fourth quarter worth $472,312,000. Capital Wealth Planning LLC increased its position in Marathon Petroleum by 49,392.0% during the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock valued at $245,157,000 after acquiring an additional 1,495,097 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Marathon Petroleum by 3,816.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company’s stock valued at $212,517,000 after acquiring an additional 1,273,386 shares during the period. GHE LLC raised its stake in shares of Marathon Petroleum by 1,939.8% in the first quarter. GHE LLC now owns 649,542 shares of the oil and gas company’s stock valued at $158,605,000 after acquiring an additional 617,699 shares during the period. Finally, Man Group plc lifted its holdings in shares of Marathon Petroleum by 2,175.0% in the 4th quarter. Man Group plc now owns 568,790 shares of the oil and gas company’s stock worth $92,502,000 after acquiring an additional 543,788 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.0%

NYSE MPC opened at $312.74 on Monday. The stock has a market cap of $91.30 billion, a PE ratio of 20.41, a PEG ratio of 0.42 and a beta of 0.52. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $313.15. The company’s 50-day moving average price is $262.34 and its 200-day moving average price is $227.78. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. Equities research analysts forecast that Marathon Petroleum Corporation will post 35.82 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Marathon Petroleum’s payout ratio is currently 26.11%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MPC. Wells Fargo & Company reiterated an “overweight” rating and set a $344.00 price target on shares of Marathon Petroleum in a report on Monday, June 15th. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. UBS Group restated a “buy” rating and set a $321.00 target price on shares of Marathon Petroleum in a research report on Friday, July 10th. Piper Sandler upped their target price on Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, Bank of America increased their price target on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Ten 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 company currently has an average rating of “Moderate Buy” and an average price target of $283.56.

Insider Buying and Selling at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.