Clear Trail Advisors LLC Sells 2,735 Shares of Marathon Petroleum Corporation $MPC

Clear Trail Advisors LLC reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,342 shares of the oil and gas company’s stock after selling 2,735 shares during the quarter. Marathon Petroleum accounts for 1.9% of Clear Trail Advisors LLC’s portfolio, making the stock its 19th largest position. Clear Trail Advisors LLC’s holdings in Marathon Petroleum were worth $11,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPC. Hanson & Doremus Investment Management grew its holdings in shares of Marathon Petroleum by 7.2% in the 1st quarter. Hanson & Doremus Investment Management now owns 2,743 shares of the oil and gas company’s stock worth $670,000 after purchasing an additional 184 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its holdings in Marathon Petroleum by 0.8% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 6,969 shares of the oil and gas company’s stock valued at $1,554,000 after purchasing an additional 57 shares during the last quarter. Clark Asset Management LLC bought a new position in Marathon Petroleum during the 1st quarter valued at about $616,000. Smith Salley Wealth Management boosted its position in Marathon Petroleum by 2.8% in the first quarter. Smith Salley Wealth Management now owns 2,524 shares of the oil and gas company’s stock valued at $616,000 after buying an additional 68 shares in the last quarter. Finally, Evolve Private Wealth LLC grew its stake in Marathon Petroleum by 6.7% during the first quarter. Evolve Private Wealth LLC now owns 8,279 shares of the oil and gas company’s stock worth $2,022,000 after buying an additional 517 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MPC. Wall Street Zen upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. raised their price target on Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. Scotiabank boosted their price objective on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company restated an “overweight” rating and set a $344.00 target price on shares of Marathon Petroleum in a report on Monday, June 15th. Finally, Morgan Stanley lifted their price target on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Ten investment 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, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $272.94.

Marathon Petroleum Stock Up 1.7%

NYSE:MPC opened at $247.13 on Tuesday. The company has a market cap of $72.15 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 0.37 and a beta of 0.52. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The stock’s fifty day moving average price is $245.65 and its two-hundred day moving average price is $214.83. Marathon Petroleum Corporation has a 52-week low of $158.00 and a 52-week high of $272.46.

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

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, May 20th. Marathon Petroleum’s payout ratio is currently 26.11%.

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.