Marathon Petroleum Corporation $MPC Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 17.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,723 shares of the oil and gas company’s stock after selling 8,798 shares during the quarter. Advisory Services Network LLC’s holdings in Marathon Petroleum were worth $7,101,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MPC. Concord Asset Management LLC VA acquired a new stake in Marathon Petroleum in the second quarter valued at $412,000. Jump Financial LLC boosted its position in shares of Marathon Petroleum by 128.0% in the 1st quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock worth $1,262,000 after buying an additional 4,863 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Marathon Petroleum by 459.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock valued at $31,556,000 after acquiring an additional 156,019 shares during the last quarter. FSM Wealth Advisors LLC purchased a new position in Marathon Petroleum during the 2nd quarter valued at about $685,000. Finally, Greatmark Investment Partners Inc. raised its position in Marathon Petroleum by 2.9% during the second quarter. Greatmark Investment Partners Inc. now owns 168,603 shares of the oil and gas company’s stock worth $28,007,000 after acquiring an additional 4,820 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on MPC. JPMorgan Chase & Co. upped their price target on shares of Marathon Petroleum from $183.00 to $211.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Bank of America increased their target price on Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Evercore ISI lifted their price objective on Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Finally, Barclays boosted their target price on shares of Marathon Petroleum from $194.00 to $202.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Hold” and a consensus price target of $203.79.

Marathon Petroleum Stock Performance

NYSE MPC opened at $185.63 on Monday. The business’s 50-day moving average price is $191.05 and its 200 day moving average price is $179.63. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $202.29. The company has a market capitalization of $55.80 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. The company had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. On average, research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th were paid a dividend of $1.00 per share. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, November 19th. Marathon Petroleum’s payout ratio is 42.64%.

Marathon Petroleum Profile

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.