Summit Trail Advisors LLC Lowers Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Summit Trail Advisors LLC decreased its position in Marathon Petroleum Co. (NYSE:MPC) by 21.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,755 shares of the oil and gas company’s stock after selling 4,252 shares during the period. Summit Trail Advisors LLC’s holdings in Marathon Petroleum were worth $2,733,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MPC. Scarborough Advisors LLC raised its holdings in Marathon Petroleum by 10.7% in the 4th quarter. Scarborough Advisors LLC now owns 2,174 shares of the oil and gas company’s stock worth $323,000 after purchasing an additional 210 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $36,823,000. Founders Financial Securities LLC lifted its position in shares of Marathon Petroleum by 22.8% during the 2nd quarter. Founders Financial Securities LLC now owns 4,972 shares of the oil and gas company’s stock valued at $863,000 after buying an additional 924 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in Marathon Petroleum by 3.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 3,050 shares of the oil and gas company’s stock valued at $615,000 after acquiring an additional 94 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Marathon Petroleum by 17.6% in the 4th quarter. Franklin Resources Inc. now owns 692,063 shares of the oil and gas company’s stock worth $102,675,000 after acquiring an additional 103,471 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC opened at $164.34 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a 52-week low of $139.32 and a 52-week high of $221.11. The stock has a 50 day moving average price of $169.99 and a 200 day moving average price of $179.77. The company has a market capitalization of $57.90 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the previous year, the business earned $5.32 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts predict that Marathon Petroleum Co. will post 12.68 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 2.01%. Marathon Petroleum’s dividend payout ratio (DPR) is 16.48%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Tudor Pickering cut Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. Piper Sandler decreased their target price on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday. Tudor, Pickering, Holt & Co. cut Marathon Petroleum from a “buy” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Jefferies Financial Group lifted their target price on shares of Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $197.69.

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.