Two Sigma Securities LLC Sells 2,460 Shares of Marathon Petroleum Corporation $MPC

Two Sigma Securities LLC lowered its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 36.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,285 shares of the oil and gas company’s stock after selling 2,460 shares during the quarter. Two Sigma Securities LLC’s holdings in Marathon Petroleum were worth $1,096,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after acquiring an additional 1,178 shares during the last quarter. Woodline Partners LP increased its holdings in Marathon Petroleum by 38.3% during the 1st quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock worth $3,889,000 after purchasing an additional 7,396 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Marathon Petroleum by 26.6% in the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after purchasing an additional 466 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Marathon Petroleum in the second quarter valued at approximately $8,505,000. Finally, AXA S.A. boosted its position in shares of Marathon Petroleum by 46.7% during the second quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock valued at $6,590,000 after buying an additional 12,639 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the subject of a number of analyst reports. Zacks Research lowered Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 17th. Barclays raised their price target on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $344.00 to $359.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. UBS Group reiterated a “buy” rating and issued a $321.00 price objective on shares of Marathon Petroleum in a research note on Friday, July 10th. Finally, Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $312.50.

Marathon Petroleum Trading Up 1.5%

NYSE MPC opened at $374.48 on Tuesday. The stock has a market capitalization of $109.33 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.24 and a beta of 0.52. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $376.56. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The business’s fifty day moving average is $311.41 and its 200-day moving average is $261.80.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same quarter in the prior year, the business earned $3.96 earnings per share. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. Equities research analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s payout ratio is presently 13.75%.

Insider Activity at Marathon Petroleum

In other news, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the sale, the senior vice president directly owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,602 shares of company stock valued at $8,951,004 over the last quarter. 0.17% of the stock is currently owned by insiders.

Marathon Petroleum Company 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.