CMH Wealth Management LLC Decreases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

CMH Wealth Management LLC lessened its position in Marathon Petroleum Co. (NYSE:MPC) by 22.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,229 shares of the oil and gas company’s stock after selling 660 shares during the quarter. CMH Wealth Management LLC’s holdings in Marathon Petroleum were worth $325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MPC. Brighton Jones LLC increased its holdings in shares of Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after purchasing an additional 1,178 shares during the last quarter. Financial Advocates Investment Management increased its holdings in shares of Marathon Petroleum by 4.5% in the fourth quarter. Financial Advocates Investment Management now owns 2,560 shares of the oil and gas company’s stock valued at $357,000 after purchasing an additional 110 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Marathon Petroleum by 1.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,216 shares of the oil and gas company’s stock valued at $5,331,000 after purchasing an additional 425 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $86,000. Finally, Entropy Technologies LP acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $2,122,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MPC shares. Morgan Stanley cut their price target on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Mizuho raised their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. TD Cowen raised their target price on Marathon Petroleum from $142.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Raymond James cut their target price on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler cut their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $175.29.

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Trading Up 1.2%

Shares of NYSE MPC opened at $160.18 on Monday. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $143.86 and a 200-day simple moving average of $146.06. The stock has a market capitalization of $49.21 billion, a PE ratio of 16.13, a PEG ratio of 3.11 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $31.85 billion during the quarter, compared to analysts’ expectations of $28.91 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The company’s revenue was down 4.1% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.27%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

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.