Marathon Petroleum Corporation $MPC Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC decreased its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,168 shares of the oil and gas company’s stock after selling 205 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $360,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Smith Group Asset Management LLC boosted its holdings in shares of Marathon Petroleum by 2.1% during the second quarter. Smith Group Asset Management LLC now owns 76,675 shares of the oil and gas company’s stock valued at $12,736,000 after acquiring an additional 1,574 shares during the period. FSM Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the second quarter valued at $685,000. Ethic Inc. boosted its holdings in shares of Marathon Petroleum by 1.1% during the second quarter. Ethic Inc. now owns 8,979 shares of the oil and gas company’s stock valued at $1,503,000 after acquiring an additional 100 shares during the period. Greatmark Investment Partners Inc. boosted its holdings in shares of Marathon Petroleum by 2.9% during the second quarter. Greatmark Investment Partners Inc. now owns 168,603 shares of the oil and gas company’s stock valued at $28,007,000 after acquiring an additional 4,820 shares during the period. Finally, Caliber Wealth Management LLC KS boosted its holdings in shares of Marathon Petroleum by 6.3% during the second quarter. Caliber Wealth Management LLC KS now owns 24,409 shares of the oil and gas company’s stock valued at $4,055,000 after acquiring an additional 1,436 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $196.17 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $183.52 and its two-hundred day moving average price is $167.25. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $201.61. The stock has a market cap of $59.64 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 4.11 and a beta of 0.90.

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

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, August 20th. Marathon Petroleum’s payout ratio is presently 54.01%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Bank of America upped their price objective on shares of Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Citigroup upped their price objective on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Wells Fargo & Company assumed coverage on shares of Marathon Petroleum in a report on Friday, October 17th. They issued an “overweight” rating and a $214.00 price objective for the company. Piper Sandler upped their price objective on shares of Marathon Petroleum from $184.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Dbs Bank raised shares of Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.31.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the sale, the insider owned 28,700 shares in the company, valued at approximately $4,678,100. The trade was a 27.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum 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.