Park Avenue Securities LLC Sells 2,602 Shares of Marathon Petroleum Co. (NYSE:MPC)

Park Avenue Securities LLC lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 11.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,614 shares of the oil and gas company’s stock after selling 2,602 shares during the period. Park Avenue Securities LLC’s holdings in Marathon Petroleum were worth $3,195,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. grew its holdings in Marathon Petroleum by 0.9% during the 1st quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock valued at $1,276,000 after buying an additional 55 shares in the last quarter. Guidance Capital Inc. lifted its stake in Marathon Petroleum by 1.1% in 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 in the last quarter. WR Wealth Planners LLC boosted its holdings 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 position in shares of Marathon Petroleum by 27.3% during 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 purchasing an additional 59 shares in the last quarter. Finally, First Financial Corp IN increased its holdings in shares of Marathon Petroleum by 2.5% in the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock worth $489,000 after purchasing an additional 59 shares during the period. 76.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on MPC. Scotiabank decreased their target price on 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. Wells Fargo & Company dropped their target price on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. BMO Capital Markets decreased their price target on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday. Tudor Pickering cut Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Finally, Morgan Stanley dropped their price target on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.14.

Marathon Petroleum Stock Down 1.6 %

Shares of Marathon Petroleum stock opened at $171.98 on Friday. The company’s 50 day moving average price is $169.69 and its 200-day moving average price is $178.39. Marathon Petroleum Co. has a 52-week low of $139.93 and a 52-week high of $221.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The stock has a market capitalization of $60.59 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 2.59 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The firm had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company’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 company earned $5.32 earnings per share. Equities research analysts forecast that Marathon Petroleum Co. will post 10.56 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared 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. This represents a $3.30 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s payout ratio is 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.