Personal CFO Solutions LLC Cuts Stock Holdings in Marathon Petroleum Corporation (NYSE:MPC)

Personal CFO Solutions LLC decreased its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 32.0% in the first quarter, HoldingsChannel reports. The fund owned 3,798 shares of the oil and gas company’s stock after selling 1,787 shares during the quarter. Personal CFO Solutions LLC’s holdings in Marathon Petroleum were worth $553,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. grew its position in Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 227 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Marathon Petroleum during the 1st quarter worth approximately $35,000. OFI Invest Asset Management purchased a new stake in Marathon Petroleum during the 4th quarter worth approximately $44,000. Finally, Capital A Wealth Management LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth approximately $52,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $179.88 on Wednesday. The firm has a 50-day simple moving average of $161.25 and a 200-day simple moving average of $149.05. The stock has a market capitalization of $55.26 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.31.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion during the quarter, compared to analysts’ expectations of $28.91 billion. During the same period in the prior year, the business earned $2.58 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Analysts Set New Price Targets

Several research firms have weighed in on MPC. Morgan Stanley dropped their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. TD Cowen lifted their price objective on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Barclays lifted their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Marathon Petroleum in a research note on Monday, June 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.13.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the transaction, the director owned 18,944 shares of the company’s stock, valued at $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

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.