PFG Advisors Has $1.23 Million Stock Holdings in Marathon Petroleum Corporation $MPC

PFG Advisors cut its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 35.2% during the 4th quarter, Holdings Channel reports. The firm owned 7,549 shares of the oil and gas company’s stock after selling 4,094 shares during the quarter. PFG Advisors’ holdings in Marathon Petroleum were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth about $33,000. Rialto Wealth Management LLC grew its stake in Marathon Petroleum by 721.4% in the 4th quarter. Rialto Wealth Management LLC now owns 230 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 202 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at about $38,000. IAG Wealth Partners LLC acquired a new position in Marathon Petroleum in the 3rd quarter valued at about $39,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Marathon Petroleum in the 3rd quarter valued at about $39,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares of the company’s stock, valued at $1,717,054.50. The trade was a 17.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 4,473 shares of company stock valued at $1,015,428. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE MPC opened at $222.09 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $65.40 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.37 and a beta of 0.58. Marathon Petroleum Corporation has a 12-month low of $132.00 and a 12-month high of $255.77. The firm has a 50-day moving average price of $222.11 and a two-hundred day moving average price of $197.58.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The firm had revenue of $32.57 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. Analysts anticipate that Marathon Petroleum Corporation will post 23.42 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.8%. Marathon Petroleum’s payout ratio is currently 29.96%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MPC. TD Cowen upped their price target on shares of Marathon Petroleum from $198.00 to $299.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Weiss Ratings lowered shares of Marathon Petroleum from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. BMO Capital Markets upped their price target on shares of Marathon Petroleum from $230.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Barclays upped their price target on shares of Marathon Petroleum from $194.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $239.75.

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.