Catalina Capital Group LLC Decreases Holdings in Marathon Petroleum Corporation (NYSE:MPC)

Catalina Capital Group LLC lessened its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 38.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,969 shares of the oil and gas company’s stock after selling 1,241 shares during the period. Catalina Capital Group LLC’s holdings in Marathon Petroleum were worth $287,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MPC. Wellington Management Group LLP increased its stake in shares of Marathon Petroleum by 78.1% in the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company’s stock worth $1,389,630,000 after purchasing an additional 4,367,774 shares in the last quarter. Demars Financial Group LLC increased its stake in shares of Marathon Petroleum by 16,338.3% in the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company’s stock worth $582,710,000 after purchasing an additional 4,151,722 shares in the last quarter. Norges Bank purchased a new position in shares of Marathon Petroleum in the fourth quarter worth about $453,427,000. GAMMA Investing LLC increased its stake in shares of Marathon Petroleum by 14,969.1% in the first quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company’s stock worth $224,503,000 after purchasing an additional 1,530,737 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Marathon Petroleum by 37.4% in the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company’s stock worth $480,501,000 after purchasing an additional 935,042 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Scotiabank cut their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, June 11th. Piper Sandler cut their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, TD Cowen raised their price objective on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

Marathon Petroleum Trading Down 1.6%

Shares of Marathon Petroleum stock opened at $167.37 on Thursday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.31. The firm has a market cap of $51.42 billion, a PE ratio of 23.54, a PEG ratio of 3.35 and a beta of 0.89. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The company has a 50 day simple moving average of $149.94 and a two-hundred day simple moving average of $146.70.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.58 EPS. Analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.17%. Marathon Petroleum’s payout ratio is 51.20%.

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.