Marathon Petroleum Corporation $MPC Shares Sold by Kwmg LLC

Kwmg LLC lessened its stake in Marathon Petroleum Corporation (NYSE:MPC) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,742 shares of the oil and gas company’s stock after selling 1,878 shares during the period. Kwmg LLC’s holdings in Marathon Petroleum were worth $15,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Marathon Petroleum in the 2nd quarter worth approximately $6,648,958,000. Bank of New York Mellon Corp bought a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $1,029,611,000. Bank of America Corp DE acquired a new position in shares of Marathon Petroleum in the second quarter valued at $621,832,000. Capital Wealth Planning LLC lifted its position in Marathon Petroleum by 49,392.0% in the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock worth $245,157,000 after purchasing an additional 1,495,097 shares during the period. Finally, Legal & General Group Plc bought a new position in Marathon Petroleum in the second quarter worth $380,745,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

NYSE:MPC traded up $7.62 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 company has a market capitalization of $128.45 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.13 and a beta of 0.54. The stock has a fifty day moving average price of $372.02 and a 200-day moving average price of $296.69. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $444.99.

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 company 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%. Marathon Petroleum’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.96 earnings per share. Research analysts forecast that Marathon Petroleum Corporation will post 61.31 EPS for the current year.

Marathon Petroleum Dividend Announcement

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

Analysts Set New Price Targets

MPC has been the subject of a number of recent research reports. TD Cowen increased their price objective 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. Barclays upped their target price on shares of Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. UBS Group reissued a “buy” rating on shares of Marathon Petroleum in a research report on Thursday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. Finally, Weiss Ratings upgraded Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average target price of $370.38.

Insiders Place Their Bets

In other news, SVP Shawn Lyon sold 2,500 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total transaction of $875,000.00. Following the sale, the senior vice president owned 12,619 shares in the company, valued at approximately $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Erin M. Brzezinski sold 570 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total value of $206,790.30. Following the completion of the sale, the vice president owned 1,576 shares of the company’s stock, valued at approximately $571,757.04. This trade represents a 26.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum 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.