Marathon Petroleum Corporation $MPC Stock: Yousif Capital Management LLC Trims Holdings

Yousif Capital Management LLC cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,536 shares of the oil and gas company’s stock after selling 1,295 shares during the quarter. Yousif Capital Management LLC’s holdings in Marathon Petroleum were worth $15,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MPC. BlackRock Inc. acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $6,648,958,000. Bank of New York Mellon Corp bought a new stake in shares of Marathon Petroleum during the second quarter worth $1,029,611,000. Bank of America Corp DE increased its holdings in shares of Marathon Petroleum by 1.6% during the first quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company’s stock worth $633,668,000 after buying an additional 40,124 shares in the last quarter. Amundi increased its holdings in shares of Marathon Petroleum by 17.5% during the second quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock worth $572,172,000 after buying an additional 332,551 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Marathon Petroleum by 16.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,508,489 shares of the oil and gas company’s stock valued at $385,675,000 after acquiring an additional 215,686 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Trading Down 0.5%

NYSE MPC traded down $2.28 on Friday, hitting $457.00. The company’s stock had a trading volume of 1,460,350 shares, compared to its average volume of 2,005,655. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $493.98. The company’s 50-day moving average is $410.05 and its 200 day moving average is $316.79. The firm has a market cap of $133.42 billion, a PE ratio of 15.71, a PEG ratio of 0.12 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same quarter in the previous year, the business earned $3.96 earnings per share. Marathon Petroleum’s revenue was up 53.5% compared to the same quarter last year. As a group, analysts predict that Marathon Petroleum Corporation will post 63.58 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 0.9%. Marathon Petroleum’s payout ratio is presently 13.75%.

Insider Buying and Selling at Marathon Petroleum

In related news, SVP Shawn M. Lyon sold 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $375.75, for a total value of $375,750.00. Following the transaction, the senior vice president directly owned 11,194 shares of the company’s stock, valued at $4,206,145.50. The trade was a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Molly R. Benson sold 17,196 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares in the company, valued at $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 21,691 shares of company stock worth $7,780,127. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MPC. Bank of America raised their price objective on Marathon Petroleum from $410.00 to $426.00 and gave the company a “neutral” rating in a report on Friday, October 2nd. TD Cowen boosted their price objective on Marathon Petroleum from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings raised Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. UBS Group set a $510.00 target price on Marathon Petroleum in a research report on Friday, October 9th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $433.00 price target on shares of Marathon Petroleum in a research note on Sunday, October 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $424.31.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.