Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its position in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 13.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,896 shares of the oil and gas company’s stock after selling 2,194 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Marathon Petroleum were worth $2,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $25,000. ICA Group Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $30,000. Vima LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $30,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $32,000. Finally, Bare Financial Services Inc acquired a new position in Marathon Petroleum in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 2.4 %

Shares of MPC opened at $170.74 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. Marathon Petroleum Co. has a one year low of $112.82 and a one year high of $221.11. The stock has a market capitalization of $60.16 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.59 and a beta of 1.40. The stock has a 50 day moving average price of $176.20 and a 200 day moving average price of $176.59.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The firm had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $32.07 billion. During the same period in the previous year, the business earned $6.09 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities research analysts forecast that Marathon Petroleum Co. will post 17.85 earnings per share for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has approved a stock buyback program on Tuesday, April 30th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, May 15th. Marathon Petroleum’s payout ratio is 16.48%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MPC. StockNews.com downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Scotiabank boosted their price target on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Tudor Pickering raised Marathon Petroleum to a “strong-buy” rating in a report on Thursday, May 30th. Mizuho decreased their price target on Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Finally, Barclays decreased their price target on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a report on Monday, July 1st. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus target price of $191.31.

Read Our Latest Analysis on MPC

Marathon Petroleum Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.