Marathon Petroleum Corporation (NYSE:MPC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,131 shares of the oil and gas company’s stock after selling 1,754 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Marathon Petroleum were worth $5,992,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MPC. Fourth Dimension Wealth LLC purchased a new position in Marathon Petroleum during the fourth quarter worth approximately $26,000. Decker Retirement Planning Inc. raised its stake in shares of Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock worth $35,000 after buying an additional 227 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in Marathon Petroleum in the 1st quarter valued at $35,000. Capital A Wealth Management LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth $52,000. Finally, Park Square Financial Group LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth $69,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Down 0.5%

NYSE MPC opened at $161.55 on Friday. The company has a market capitalization of $49.63 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.77 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.73. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.10. The company’s fifty day moving average price is $169.24 and its two-hundred day moving average price is $153.63.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating the consensus estimate of $3.22 by $0.74. The company had revenue of $34.10 billion during the quarter, compared to analyst estimates of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%. The business’s revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.12 earnings per share. As a group, research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.3%. Marathon Petroleum’s payout ratio is presently 51.20%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MPC shares. Morgan Stanley increased their price objective on shares of Marathon Petroleum from $160.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Citigroup boosted their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a research report on Monday, July 28th. Finally, TD Cowen lowered their price target on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Hold” and a consensus target price of $185.29.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 7,392 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares of the company’s stock, valued at approximately $3,315,200. This trade represents a 28.07% 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. 0.21% of the stock is owned by insiders.

About Marathon Petroleum

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.