Westwood Holdings Group Inc. Lowers Holdings in Marathon Petroleum Corp (NYSE:MPC)

Westwood Holdings Group Inc. trimmed its stake in Marathon Petroleum Corp (NYSE:MPC) by 5.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,386 shares of the oil and gas company’s stock after selling 2,530 shares during the period. Westwood Holdings Group Inc.’s holdings in Marathon Petroleum were worth $2,477,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hanson McClain Inc. bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $25,000. Alpha Omega Wealth Management LLC raised its holdings in shares of Marathon Petroleum by 135.1% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 435 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Claybrook Capital LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $30,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Marathon Petroleum in the 1st quarter valued at about $31,000. Finally, Berman Capital Advisors LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $30,000. 77.57% of the stock is owned by institutional investors.

Shares of NYSE MPC traded down $0.22 during trading hours on Friday, hitting $47.68. 152,297 shares of the stock were exchanged, compared to its average volume of 7,527,128. The company has a quick ratio of 0.55, a current ratio of 1.20 and a debt-to-equity ratio of 0.69. The firm has a market cap of $31.60 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.52. Marathon Petroleum Corp has a 12 month low of $45.47 and a 12 month high of $88.45.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). The firm had revenue of $28.62 billion for the quarter, compared to the consensus estimate of $27.70 billion. Marathon Petroleum had a return on equity of 11.10% and a net margin of 2.56%. The company’s revenue was up 50.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS. On average, equities research analysts anticipate that Marathon Petroleum Corp will post 4.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.53 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.12 dividend on an annualized basis and a yield of 4.45%. Marathon Petroleum’s payout ratio is 31.27%.

In related news, insider Donald C. Templin purchased 5,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were acquired at an average price of $50.74 per share, for a total transaction of $253,700.00. Following the purchase, the insider now owns 93,182 shares of the company’s stock, valued at approximately $4,728,054.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Rohr purchased 12,500 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average price of $48.14 per share, for a total transaction of $601,750.00. The disclosure for this purchase can be found here. Corporate insiders own 1.06% of the company’s stock.

Several research firms recently commented on MPC. Raymond James reduced their price objective on shares of Marathon Petroleum from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 9th. Wells Fargo & Co reduced their price objective on shares of Marathon Petroleum from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Credit Suisse Group reduced their price objective on shares of Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. ValuEngine upgraded shares of Marathon Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 22nd. Finally, Cowen lowered shares of Marathon Petroleum from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $90.00 to $65.00 in a research note on Friday, May 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $85.68.

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Marathon Petroleum Company Profile

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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

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