1,554 Marathon Petroleum Corporation $MPC Shares Sold by Asset One Wealth Management LLC

Asset One Wealth Management LLC lowered its stake in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,224 shares of the oil and gas company’s stock after selling 1,554 shares during the period. Asset One Wealth Management LLC’s holdings in Marathon Petroleum were worth $2,461,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $6,648,958,000. Bank of New York Mellon Corp bought a new stake in Marathon Petroleum during the second quarter valued at about $1,029,611,000. Bank of America Corp DE raised its position in shares of Marathon Petroleum by 1.6% in the first quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company’s stock worth $633,668,000 after acquiring an additional 40,124 shares during the period. Amundi raised its stake in shares of Marathon Petroleum by 17.5% in the 2nd quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock valued at $572,172,000 after acquiring an additional 332,551 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Marathon Petroleum by 16.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,508,489 shares of the oil and gas company’s stock valued at $385,675,000 after acquiring an additional 215,686 shares during the period. 76.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore set a $330.00 target price on Marathon Petroleum in a report on Wednesday, August 5th. Bank of America increased their price target on Marathon Petroleum from $410.00 to $426.00 and gave the company a “neutral” rating in a report on Friday, October 2nd. Barclays raised their target price on Marathon Petroleum from $321.00 to $488.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Wells Fargo & Company lifted their price target on Marathon Petroleum from $560.00 to $564.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $425.12.

Check Out Our Latest Analysis on MPC

Marathon Petroleum Price Performance

MPC stock opened at $372.48 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $421.69 and a 200 day moving average price of $295.35. The stock has a market cap of $108.74 billion, a PE ratio of 16.27, a P/E/G ratio of 0.11 and a beta of 0.53. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $493.98.

Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 EPS for the quarter, beating the consensus estimate of $25.37 by $1.56. The firm had revenue of $56.03 billion for the quarter, compared to analyst estimates of $46.60 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. Marathon Petroleum’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.01 earnings per share. Equities research analysts anticipate that Marathon Petroleum Corporation will post 64.78 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, November 18th. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.

Key Headlines Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

Insider Buying and Selling at Marathon Petroleum

In related news, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the transaction, the vice president owned 1,576 shares in the company, valued at $571,757.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 21,691 shares of company stock worth $7,780,127. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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