Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,963 shares of the oil and gas company’s stock after selling 884 shares during the period. Foundations Investment Advisors LLC’s holdings in Marathon Petroleum were worth $809,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MPC. FinTrust Capital Advisors LLC lifted its stake in shares of Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new position in Marathon Petroleum in the first quarter valued at about $29,000. TruNorth Capital Management LLC acquired a new stake in shares of Marathon Petroleum during the second quarter valued at about $35,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Marathon Petroleum in the 2nd quarter valued at approximately $35,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter worth approximately $40,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $152.88 on Friday. Marathon Petroleum Co. has a 12 month low of $140.98 and a 12 month high of $221.11. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The company has a market cap of $53.86 billion, a P/E ratio of 7.64, a PEG ratio of 2.65 and a beta of 1.37. The firm has a fifty day moving average price of $166.48 and a 200 day moving average price of $174.39.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $1.03. The business had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.32 EPS. Sell-side analysts predict that Marathon Petroleum Co. will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 2.16%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MPC shares. JPMorgan Chase & Co. cut their target price on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. TD Cowen boosted their price objective on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Piper Sandler lowered their target price on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Scotiabank cut their price target on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.00.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.