Marathon Petroleum Co. (NYSE:MPC) Position Lowered by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,443 shares of the oil and gas company’s stock after selling 6,899 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Marathon Petroleum were worth $6,897,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MPC. Gladius Capital Management LP bought a new position in shares of Marathon Petroleum during the third quarter worth about $26,000. Claro Advisors LLC lifted its position in shares of Marathon Petroleum by 32.5% during the third quarter. Claro Advisors LLC now owns 1,710 shares of the oil and gas company’s stock worth $279,000 after purchasing an additional 419 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Marathon Petroleum by 3.4% in the third quarter. Thrivent Financial for Lutherans now owns 468,935 shares of the oil and gas company’s stock worth $76,394,000 after acquiring an additional 15,434 shares during the last quarter. Aljian Capital Management LLC bought a new position in Marathon Petroleum in the third quarter worth about $464,000. Finally, Islay Capital Management LLC lifted its holdings in Marathon Petroleum by 3.8% in the third quarter. Islay Capital Management LLC now owns 7,284 shares of the oil and gas company’s stock worth $1,187,000 after acquiring an additional 266 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Price Performance

NYSE MPC opened at $146.27 on Tuesday. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The firm has a market capitalization of $45.57 billion, a PE ratio of 14.73, a P/E/G ratio of 3.11 and a beta of 1.39. The company’s 50 day simple moving average is $148.48 and its 200 day simple moving average is $152.76.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $3.98 earnings per share. As a group, equities research analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s payout ratio is 36.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MPC shares. Barclays raised their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a report on Friday. Mizuho cut their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company raised their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Piper Sandler cut their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.13.

Marathon Petroleum Company 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.