Marathon Petroleum Corporation $MPC Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,297 shares of the oil and gas company’s stock after selling 5,007 shares during the period. Atria Investments Inc’s holdings in Marathon Petroleum were worth $6,610,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MPC. Los Angeles Capital Management LLC increased its position in Marathon Petroleum by 459.5% during the second quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock worth $31,556,000 after buying an additional 156,019 shares during the last quarter. FSM Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum in the second quarter worth about $685,000. Generali Asset Management SPA SGR boosted its stake in shares of Marathon Petroleum by 36.8% during the 3rd quarter. Generali Asset Management SPA SGR now owns 41,225 shares of the oil and gas company’s stock worth $7,946,000 after acquiring an additional 11,082 shares in the last quarter. First Interstate Bank acquired a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $5,050,000. Finally, National Pension Service raised its stake in shares of Marathon Petroleum by 1.7% in the 3rd quarter. National Pension Service now owns 849,268 shares of the oil and gas company’s stock valued at $163,688,000 after acquiring an additional 14,308 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

MPC has been the topic of several analyst reports. Citigroup increased their price target on Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Piper Sandler dropped their target price on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Scotiabank reaffirmed an “outperform” rating and issued a $174.00 price target on shares of Marathon Petroleum in a research report on Friday, January 16th. Finally, BMO Capital Markets lifted their price objective on Marathon Petroleum from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Stock Up 2.7%

Shares of MPC opened at $203.33 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average price of $178.84 and a two-hundred day moving average price of $182.13. The stock has a market cap of $61.12 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.34 and a beta of 0.74. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $210.32.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $35.10 billion during the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.Marathon Petroleum’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. Equities analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s payout ratio is currently 29.96%.

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.