Marathon Petroleum Corporation $MPC Shares Sold by Greenleaf Trust

Greenleaf Trust cut its position in Marathon Petroleum Corporation (NYSE:MPC) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,827 shares of the oil and gas company’s stock after selling 1,369 shares during the quarter. Greenleaf Trust’s holdings in Marathon Petroleum were worth $1,632,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MPC. Good Steward Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter valued at $346,000. Silver Oak Securities Incorporated purchased a new stake in shares of Marathon Petroleum in the first quarter valued at about $339,000. Financial Partners Group LLC boosted its stake in shares of Marathon Petroleum by 65.8% during the first quarter. Financial Partners Group LLC now owns 3,937 shares of the oil and gas company’s stock worth $574,000 after buying an additional 1,563 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Marathon Petroleum by 8.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 44,387 shares of the oil and gas company’s stock worth $6,467,000 after buying an additional 3,291 shares during the last quarter. Finally, Jump Financial LLC increased its position in Marathon Petroleum by 128.0% in the 1st quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock valued at $1,262,000 after acquiring an additional 4,863 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MPC. UBS Group increased their price objective on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Wolfe Research downgraded Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Dbs Bank raised shares of Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Raymond James Financial upped their price objective on shares of Marathon Petroleum from $195.00 to $199.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. Finally, Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Marathon Petroleum Stock Performance

Shares of MPC opened at $192.40 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $201.61. The company has a 50-day simple moving average of $176.17 and a 200-day simple moving average of $161.52. The company has a market capitalization of $58.49 billion, a PE ratio of 28.55, a P/E/G ratio of 3.34 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $31.70 billion. During the same quarter in the previous year, the firm earned $4.12 earnings per share. The firm’s revenue was down 11.1% on a year-over-year basis. Equities research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

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 on 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 directly owned 28,700 shares in the company, valued at approximately $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.