Vanguard Capital Wealth Advisors Trims Stake in Marathon Petroleum Co. (NYSE:MPC)

Vanguard Capital Wealth Advisors trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,772 shares of the oil and gas company’s stock after selling 131 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Marathon Petroleum were worth $247,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MPC. OLD Second National Bank of Aurora raised its position in shares of Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock worth $139,000 after acquiring an additional 67 shares in the last quarter. Nixon Peabody Trust Co. lifted its position in shares of Marathon Petroleum by 3.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock valued at $288,000 after buying an additional 68 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of Marathon Petroleum by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $596,000 after buying an additional 69 shares in the last quarter. DT Investment Partners LLC grew its position in shares of Marathon Petroleum by 21.5% in the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock worth $55,000 after buying an additional 70 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Marathon Petroleum by 3.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company’s stock valued at $303,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

MPC opened at $162.12 on Tuesday. The company has a market cap of $49.81 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 3.11 and a beta of 0.87. The firm’s fifty day simple moving average is $140.26 and its two-hundred day simple moving average is $145.70. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31.

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

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.25%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Insider Transactions at Marathon Petroleum

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

Analyst Ratings Changes

A number of equities research analysts have commented on MPC shares. Raymond James decreased their price target 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. Piper Sandler reduced 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. Morgan Stanley cut their price objective on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. TD Cowen upped their target price on Marathon Petroleum from $142.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, May 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.29.

Marathon Petroleum 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.