Integrated Advisors Network LLC Sells 2,391 Shares of Marathon Petroleum Corporation $MPC

Integrated Advisors Network LLC lessened its holdings in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 49.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,471 shares of the oil and gas company’s stock after selling 2,391 shares during the period. Integrated Advisors Network LLC’s holdings in Marathon Petroleum were worth $603,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MPC. Navalign LLC purchased a new stake in Marathon Petroleum during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at $31,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Marathon Petroleum in the 3rd quarter valued at $39,000. Berbice Capital Management LLC raised its position in shares of Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, Sawyer & Company Inc bought a new position in shares of Marathon Petroleum in the 1st quarter worth $49,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction 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 transaction, the vice president owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of recent research reports. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 17th. Citigroup boosted their target price on shares of Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley increased their price target on shares of Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Piper Sandler raised their price target on shares of Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $272.62.

Read Our Latest Analysis on Marathon Petroleum

Marathon Petroleum Stock Up 1.0%

NYSE:MPC opened at $283.46 on Friday. The company has a market cap of $82.75 billion, a PE ratio of 18.50, a P/E/G ratio of 0.41 and a beta of 0.52. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $283.68. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The company’s 50 day moving average is $255.98 and its two-hundred day moving average is $222.07.

Marathon Petroleum (NYSE:MPCGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $33.42 billion. During the same quarter last year, the company posted ($0.24) earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts anticipate that Marathon Petroleum Corporation will post 32.96 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Marathon Petroleum News Summary

Here are the key news stories impacting Marathon Petroleum this week:

About Marathon Petroleum

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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