Atria Investments Inc Sells 5,007 Shares of Marathon Petroleum Corporation $MPC

Atria Investments Inc lowered its position in Marathon Petroleum Corporation (NYSE:MPC) by 12.7% in the third quarter, HoldingsChannel.com reports. The fund owned 34,297 shares of the oil and gas company’s stock after selling 5,007 shares during the quarter. Atria Investments Inc’s holdings in Marathon Petroleum were worth $6,610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Delos Wealth Advisors LLC acquired a new stake in Marathon Petroleum during the 2nd quarter valued at $25,000. Activest Wealth Management grew its holdings in shares of Marathon Petroleum by 290.2% during the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. NewSquare Capital LLC increased its stake in shares of Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at about $33,000. Finally, Transce3nd LLC lifted its position in Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after buying an additional 205 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

NYSE MPC opened at $203.33 on Friday. The firm’s 50 day moving average is $178.84 and its 200-day moving average is $182.13. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $210.32. The company has a market capitalization of $61.12 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The company had revenue of $35.10 billion during the quarter, compared to the consensus estimate of $30.89 billion. During the same period in the prior year, the business posted $0.77 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts anticipate 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 Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 2.0%. Marathon Petroleum’s dividend payout ratio is presently 29.96%.

Analyst Ratings Changes

A number of brokerages have weighed in on MPC. Jefferies Financial Group dropped their target price on shares of Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Scotiabank restated an “outperform” rating and issued a $174.00 price objective on shares of Marathon Petroleum in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a research report on Thursday, January 22nd. JPMorgan Chase & Co. dropped their target price on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group increased their price objective on shares of Marathon Petroleum from $204.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and nine have issued 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 $202.19.

About Marathon Petroleum

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.