ORG Partners LLC Trims Stock Holdings in Marathon Petroleum Corporation $MPC

ORG Partners LLC trimmed its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,587 shares of the oil and gas company’s stock after selling 146 shares during the period. ORG Partners LLC’s holdings in Marathon Petroleum were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Kirr Marbach & Co. LLC IN grew its position in shares of Marathon Petroleum by 0.8% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 50,345 shares of the oil and gas company’s stock valued at $8,363,000 after purchasing an additional 409 shares in the last quarter. Patton Fund Management Inc. purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at $245,000. American National Bank & Trust grew its position in shares of Marathon Petroleum by 9.5% during the 2nd quarter. American National Bank & Trust now owns 2,164 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 188 shares in the last quarter. Plancorp LLC grew its position in shares of Marathon Petroleum by 13.8% during the 2nd quarter. Plancorp LLC now owns 2,631 shares of the oil and gas company’s stock valued at $437,000 after purchasing an additional 320 shares in the last quarter. Finally, Harrell Investment Partners LLC grew its position in shares of Marathon Petroleum by 8.7% during the 2nd quarter. Harrell Investment Partners LLC now owns 35,022 shares of the oil and gas company’s stock valued at $5,817,000 after purchasing an additional 2,814 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on MPC. Wolfe Research lowered shares of Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Morgan Stanley upped their target price on shares of Marathon Petroleum from $160.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Dbs Bank upgraded shares of Marathon Petroleum to a “moderate buy” rating in a research report on Monday, July 28th. Evercore ISI upped their target price on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Finally, Mizuho upped their target price on shares of Marathon Petroleum from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $198.85 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $60.45 billion, a PE ratio of 29.50, a P/E/G ratio of 3.44 and a beta of 0.97. The firm has a fifty day simple moving average of $175.09 and a two-hundred day simple moving average of $160.70. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $201.61.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.74. The business had revenue of $34.10 billion during the quarter, compared to the consensus estimate of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.12 earnings per share. Research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 1.8%. Marathon Petroleum’s payout ratio is currently 54.01%.

Insider Activity

In other news, insider Molly R. Benson sold 10,879 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kim K.W. Rucker sold 7,392 shares of the company’s 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 transaction, the director directly owned 18,944 shares of the company’s stock, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

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.