Marathon Petroleum Corporation $MPC Holdings Reduced by Henrickson Nauta Wealth Advisors Inc.

Henrickson Nauta Wealth Advisors Inc. reduced its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 46.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,438 shares of the oil and gas company’s stock after selling 3,881 shares during the quarter. Marathon Petroleum accounts for 0.3% of Henrickson Nauta Wealth Advisors Inc.’s portfolio, making the stock its 28th largest position. Henrickson Nauta Wealth Advisors Inc.’s holdings in Marathon Petroleum were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Navalign LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the fourth quarter worth approximately $31,000. Berbice Capital Management LLC grew its position in Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after buying an additional 100 shares during the last quarter. WFA of San Diego LLC acquired a new position in Marathon Petroleum in the second quarter worth approximately $33,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings lowered Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price target on Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Citigroup lifted their target price on shares of Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. UBS Group set a $285.00 price target on shares of Marathon Petroleum in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price target on Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $272.94.

Marathon Petroleum Price Performance

NYSE MPC opened at $243.11 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $70.97 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.37 and a beta of 0.52. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $272.46. The company has a 50 day moving average price of $245.18 and a two-hundred day moving average price of $214.45.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The business had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter last year, the firm earned ($0.24) EPS. Marathon Petroleum’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities analysts predict that Marathon Petroleum Corporation will post 31.35 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Insider Buying and Selling at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company’s stock.

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.