Marathon Petroleum Corporation $MPC Shares Sold by Kwmg LLC

Kwmg LLC decreased its stake in Marathon Petroleum Corporation (NYSE:MPC) by 4.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,742 shares of the oil and gas company’s stock after selling 1,878 shares during the quarter. Kwmg LLC’s holdings in Marathon Petroleum were worth $15,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Solstein Capital LLC purchased a new position in shares of Marathon Petroleum during the second quarter valued at $26,000. Caitlin John LLC purchased a new stake in Marathon Petroleum in the 2nd quarter worth about $26,000. Bell Investment Advisors Inc acquired a new stake in Marathon Petroleum during the 2nd quarter worth about $27,000. Cetera Trust Company N.A acquired a new stake in Marathon Petroleum during the 2nd quarter worth about $35,000. Finally, Frazier Financial Advisors LLC purchased a new position in Marathon Petroleum during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Molly R. Benson sold 17,196 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares in the company, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Shawn M. Lyon sold 1,000 shares of the stock in a transaction dated Monday, August 31st. The shares were 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 in the company, valued at approximately $4,206,145.50. This represents a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 21,691 shares of company stock worth $7,780,127. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Up 1.8%

NYSE:MPC traded up $7.62 during mid-day trading on Wednesday, reaching $439.98. The stock had a trading volume of 951,055 shares, compared to its average volume of 2,494,014. The business’s 50 day moving average is $372.02 and its 200 day moving average is $296.69. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $444.99. The stock has a market cap of $128.45 billion, a P/E ratio of 15.12, a PEG ratio of 0.13 and a beta of 0.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. The firm had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company’s revenue was up 53.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.96 earnings per share. As a group, sell-side analysts predict that Marathon Petroleum Corporation will post 61.31 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.00 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.9%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MPC. Evercore set a $330.00 price target on shares of Marathon Petroleum in a research report on Wednesday, August 5th. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $359.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $413.00 target price on shares of Marathon Petroleum in a research report on Monday, September 21st. TD Cowen lifted their target price on shares of Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $370.38.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE:MPC) is an integrated downstream energy company engaged primarily in refining, marketing and transporting petroleum products. The company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, asphalt, propane and other refined products used by consumers, businesses and industrial customers.

Marathon Petroleum operates refineries and related logistics assets in the United States, with a refining and marketing presence serving markets across the Midwest, Gulf Coast and West Coast.