DRW Securities LLC Sells 20,825 Shares of Marathon Petroleum Co. (NYSE:MPC)

DRW Securities LLC cut its holdings in Marathon Petroleum Co. (NYSE:MPC) by 88.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,800 shares of the oil and gas company’s stock after selling 20,825 shares during the period. DRW Securities LLC’s holdings in Marathon Petroleum were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MPC. Gryphon Financial Partners LLC boosted its position in Marathon Petroleum by 81.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 4,226 shares of the oil and gas company’s stock valued at $627,000 after purchasing an additional 1,895 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Marathon Petroleum by 5.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 21,835 shares of the oil and gas company’s stock valued at $3,412,000 after buying an additional 1,109 shares during the last quarter. Congress Wealth Management LLC DE bought a new position in shares of Marathon Petroleum in the fourth quarter valued at $420,000. Nomura Asset Management Co. Ltd. increased its holdings in Marathon Petroleum by 18.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 137,553 shares of the oil and gas company’s stock worth $20,407,000 after buying an additional 21,847 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in Marathon Petroleum by 4.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,636 shares of the oil and gas company’s stock worth $391,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Scotiabank lowered their price objective on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Mizuho lowered their price target on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Tudor Pickering cut Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. Morgan Stanley decreased their target price on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. cut their price target on Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $197.69.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $164.21 on Tuesday. The stock’s fifty day moving average price is $169.94 and its two-hundred day moving average price is $179.73. The firm has a market cap of $57.86 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. Marathon Petroleum Co. has a one year low of $139.32 and a one year high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion during 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%. Marathon Petroleum’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.32 earnings per share. As a group, research analysts expect that Marathon Petroleum Co. will post 12.68 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. 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 is currently 16.48%.

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.