Saxon Interests Inc. Sells 443 Shares of Marathon Petroleum Co. (NYSE:MPC)

Saxon Interests Inc. reduced its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,855 shares of the oil and gas company’s stock after selling 443 shares during the quarter. Saxon Interests Inc.’s holdings in Marathon Petroleum were worth $1,443,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. NBC Securities Inc. lifted its position in Marathon Petroleum by 0.9% during the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock worth $1,276,000 after acquiring an additional 55 shares during the last quarter. Guidance Capital Inc. lifted its holdings in Marathon Petroleum by 1.1% during the 1st quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock worth $1,135,000 after purchasing an additional 57 shares during the last quarter. WR Wealth Planners LLC boosted its stake in Marathon Petroleum by 15.2% in the 2nd quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 57 shares during the period. Bruce G. Allen Investments LLC grew its holdings in Marathon Petroleum by 27.3% in the 1st quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 59 shares in the last quarter. Finally, First Financial Corp IN increased its position in Marathon Petroleum by 2.5% during the 1st quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock worth $489,000 after buying an additional 59 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MPC shares. JPMorgan Chase & Co. decreased their price target on shares of Marathon Petroleum from $186.00 to $172.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Piper Sandler lowered their target price on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. BMO Capital Markets reduced their price target on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Tudor, Pickering, Holt & Co. cut Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. Finally, StockNews.com lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.21.

Marathon Petroleum Trading Up 1.4 %

Shares of Marathon Petroleum stock traded up $2.17 on Wednesday, reaching $162.16. 722,879 shares of the company’s stock were exchanged, compared to its average volume of 2,696,511. The company has a market capitalization of $57.13 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 2.59 and a beta of 1.37. Marathon Petroleum Co. has a 52 week low of $140.98 and a 52 week high of $221.11. The firm’s 50-day moving average is $169.35 and its two-hundred day moving average is $177.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $5.32 EPS. Sell-side analysts predict that Marathon Petroleum Co. will post 10.56 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.04%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

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.