Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 21.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,755 shares of the oil and gas company’s stock after selling 4,252 shares during the period. Summit Trail Advisors LLC’s holdings in Marathon Petroleum were worth $2,733,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MPC. Raymond James & Associates lifted its holdings in Marathon Petroleum by 2.6% in the second quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company’s stock valued at $743,690,000 after acquiring an additional 107,915 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Marathon Petroleum by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company’s stock valued at $620,815,000 after buying an additional 31,100 shares in the last quarter. Boston Partners grew its stake in Marathon Petroleum by 0.3% in the 1st quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company’s stock valued at $558,390,000 after acquiring an additional 8,476 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Marathon Petroleum by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company’s stock worth $463,160,000 after purchasing an additional 209,270 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Marathon Petroleum by 7.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company’s stock valued at $335,241,000 after purchasing an additional 117,790 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MPC shares. Jefferies Financial Group increased their price target on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Barclays cut their price objective on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Tudor, Pickering, Holt & Co. downgraded shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a research note on Monday, September 9th. Raymond James reduced their price target on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 30th. Finally, StockNews.com lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $197.69.

Marathon Petroleum Trading Down 1.2 %

NYSE:MPC opened at $164.34 on Friday. The stock’s 50-day moving average is $169.99 and its two-hundred day moving average is $179.77. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The stock has a market cap of $57.90 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. Marathon Petroleum Co. has a fifty-two week low of $139.32 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the prior year, the business posted $5.32 earnings per share. Marathon Petroleum’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Marathon Petroleum Co. will post 12.68 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 2.01%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

About Marathon Petroleum

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.