4,604 Marathon Petroleum Corporation $MPC Shares Sold by Csenge Advisory Group

Csenge Advisory Group lessened its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 21.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,220 shares of the oil and gas company’s stock after selling 4,604 shares during the period. Csenge Advisory Group’s holdings in Marathon Petroleum were worth $6,809,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Solstein Capital LLC bought a new position in Marathon Petroleum in the second quarter valued at approximately $26,000. Caitlin John LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $27,000. Main Street Group LTD bought a new stake in shares of Marathon Petroleum during the 1st quarter worth approximately $35,000. Finally, Cetera Trust Company N.A bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $35,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group set a $510.00 price objective on Marathon Petroleum in a report on Friday, October 9th. Weiss Ratings upgraded shares of Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Evercore set a $330.00 price target on shares of Marathon Petroleum in a research report on Wednesday, August 5th. Citigroup upped their price target on shares of Marathon Petroleum from $318.00 to $518.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 13th. Finally, TD Cowen increased their price target on shares of Marathon Petroleum from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $425.12.

Insider Buying and Selling

In other Marathon Petroleum news, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares of the company’s stock, valued at $10,876,862.38. This trade represents a 36.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the sale, the senior vice president directly owned 12,619 shares of the company’s stock, valued at $4,416,650. This represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by insiders.

Marathon Petroleum Trading Up 0.0%

Marathon Petroleum stock opened at $389.90 on Wednesday. The stock has a 50-day simple moving average of $422.42 and a 200 day simple moving average of $297.48. The stock has a market capitalization of $106.16 billion, a P/E ratio of 13.40, a PEG ratio of 0.10 and a beta of 0.53. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.09 and a current ratio of 1.45. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $493.98.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $25.37 by $1.56. Marathon Petroleum had a return on equity of 55.82% and a net margin of 8.27%. The firm had revenue of $56.03 billion for the quarter, compared to analyst estimates of $46.60 billion. During the same quarter in the prior year, the company earned $3.01 earnings per share. The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. Analysts expect that Marathon Petroleum Corporation will post 66.31 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, November 18th. Marathon Petroleum’s payout ratio is currently 13.75%.

About Marathon Petroleum

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks. The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.