Marathon Petroleum Corporation $MPC Shares Sold by United Capital Management of KS Inc.

United Capital Management of KS Inc. reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,703 shares of the oil and gas company’s stock after selling 1,662 shares during the quarter. Marathon Petroleum makes up approximately 2.4% of United Capital Management of KS Inc.’s portfolio, making the stock its 13th largest position. United Capital Management of KS Inc.’s holdings in Marathon Petroleum were worth $18,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPC. Solstein Capital LLC acquired a new position in Marathon Petroleum in the 2nd quarter valued at approximately $26,000. Caitlin John LLC purchased a new stake in Marathon Petroleum in the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $27,000. Main Street Group LTD acquired a new stake in shares of Marathon Petroleum during the 1st quarter valued at $35,000. Finally, Cetera Trust Company N.A acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $35,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other news, VP Erin M. Brzezinski sold 570 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the sale, the vice president owned 1,576 shares in the company, valued at approximately $571,757.04. This represents a 26.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the transaction, the insider directly owned 30,334 shares in the company, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,691 shares of company stock worth $7,780,127 over the last three months. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC opened at $389.91 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 1.45. The firm has a market cap of $106.16 billion, a PE ratio of 13.40, a PEG ratio of 0.10 and a beta of 0.53. The firm’s 50 day moving average price is $422.11 and its 200 day moving average price is $296.41. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $493.98.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 EPS for the quarter, topping the consensus estimate of $25.37 by $1.56. The company had revenue of $56.03 billion for the quarter, compared to analyst estimates of $46.60 billion. Marathon Petroleum had a net margin of 8.27% and a return on equity of 55.82%. Marathon Petroleum’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.01 EPS. As a group, research analysts expect that Marathon Petroleum Corporation will post 66.31 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Marathon Petroleum from $462.00 to $466.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Jefferies Financial Group reiterated a “hold” rating and set a $433.00 price objective on shares of Marathon Petroleum in a report on Sunday, October 11th. Raymond James Financial lifted their price objective on Marathon Petroleum from $350.00 to $445.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. UBS Group set a $510.00 target price on Marathon Petroleum in a research note on Friday, October 9th. Finally, Mizuho boosted their target price on Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus target price of $425.12.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.

The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.

Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.