Jefferies Financial Group Inc. Sells 39,171 Shares of Marathon Petroleum Corporation $MPC

Jefferies Financial Group Inc. lessened its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 68.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,057 shares of the oil and gas company’s stock after selling 39,171 shares during the period. Jefferies Financial Group Inc.’s holdings in Marathon Petroleum were worth $3,480,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Associated Banc Corp boosted its position in shares of Marathon Petroleum by 2.1% during the 3rd quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 52 shares in the last quarter. CoreCap Advisors LLC increased its position in Marathon Petroleum by 2.6% in the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after buying an additional 59 shares in the last quarter. CI Investments Inc. raised its stake in Marathon Petroleum by 1.8% during the 3rd quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company’s stock worth $643,000 after buying an additional 60 shares during the period. FSM Wealth Advisors LLC boosted its holdings in Marathon Petroleum by 1.6% in the third quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock worth $760,000 after acquiring an additional 63 shares in the last quarter. Finally, Warwick Investment Management Inc. boosted its holdings in Marathon Petroleum by 4.6% in the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock worth $277,000 after acquiring an additional 63 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Trading Down 0.1%

NYSE MPC opened at $215.40 on Wednesday. The business’s fifty day moving average is $189.25 and its 200-day moving average is $187.20. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The stock has a market capitalization of $63.49 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.33 and a beta of 0.69. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $228.55.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.34. The company had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. Equities research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is currently 29.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MPC shares. Raymond James Financial boosted their price objective on Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Piper Sandler cut their target price on Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Mizuho boosted their price target on shares of Marathon Petroleum from $198.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. lowered their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of Marathon Petroleum in a research note on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $202.50.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.