GW Henssler & Associates Ltd. Sells 68 Shares of Marathon Petroleum Corporation $MPC

GW Henssler & Associates Ltd. trimmed its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 0.5% in the second quarter, HoldingsChannel.com reports. The fund owned 12,969 shares of the oil and gas company’s stock after selling 68 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Marathon Petroleum were worth $2,154,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MPC. Vanguard Group Inc. lifted its position in shares of Marathon Petroleum by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 34,941,391 shares of the oil and gas company’s stock valued at $5,090,611,000 after acquiring an additional 3,834,501 shares during the period. Boston Partners raised its holdings in shares of Marathon Petroleum by 58.5% during the 1st quarter. Boston Partners now owns 5,448,514 shares of the oil and gas company’s stock worth $791,274,000 after buying an additional 2,011,810 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Marathon Petroleum by 18.7% during the 1st quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock worth $1,722,664,000 after buying an additional 1,862,674 shares in the last quarter. Nuveen LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth $147,122,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Marathon Petroleum by 26.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,675,362 shares of the oil and gas company’s stock worth $535,465,000 after buying an additional 769,015 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MPC has been the subject of a number of research analyst reports. UBS Group boosted their price target on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Wells Fargo & Company boosted their price target on Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday. Finally, TD Cowen lowered their price target on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $198.92.

Marathon Petroleum Price Performance

Shares of MPC opened at $181.08 on Friday. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $201.61. The business has a 50-day simple moving average of $178.73 and a two-hundred day simple moving average of $163.60. 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 stock has a market cap of $55.05 billion, a PE ratio of 26.87, a PEG ratio of 3.04 and a beta of 0.90.

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

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio is presently 54.01%.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the sale, the insider 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% 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.