Financial Insights Inc. Sells 3,337 Shares of Marathon Petroleum Co. (NYSE:MPC)

Financial Insights Inc. decreased its holdings in Marathon Petroleum Co. (NYSE:MPC) by 51.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,109 shares of the oil and gas company’s stock after selling 3,337 shares during the quarter. Financial Insights Inc.’s holdings in Marathon Petroleum were worth $506,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Guidance Capital Inc. lifted its holdings in shares of Marathon Petroleum by 1.1% during the 1st quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock worth $1,135,000 after acquiring an additional 57 shares during the last quarter. WR Wealth Planners LLC lifted its holdings in shares of Marathon Petroleum by 15.2% during the 2nd quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 57 shares during the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of Marathon Petroleum by 3.2% during the 1st quarter. D Orazio & Associates Inc. now owns 1,894 shares of the oil and gas company’s stock worth $382,000 after acquiring an additional 59 shares during the last quarter. Legacy Advisors LLC lifted its holdings in shares of Marathon Petroleum by 5.0% during the 2nd quarter. Legacy Advisors LLC now owns 1,238 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 59 shares during the last quarter. Finally, Latitude Advisors LLC lifted its holdings in shares of Marathon Petroleum by 3.6% during the 2nd quarter. Latitude Advisors LLC now owns 1,714 shares of the oil and gas company’s stock worth $297,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $158.24 on Wednesday. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The company’s 50-day moving average is $166.98 and its 200 day moving average is $174.53. The stock has a market capitalization of $55.75 billion, a P/E ratio of 7.90, a P/E/G ratio of 2.65 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. During the same quarter in the previous year, the company earned $5.32 earnings per share. Marathon Petroleum’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Wall Street Analyst Weigh In

Several analysts have weighed in on MPC shares. Bank of America started coverage on shares of Marathon Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Tudor, Pickering, Holt & Co. downgraded shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a research note on Monday, September 9th. Morgan Stanley lowered their price target on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Wolfe Research started coverage on shares of Marathon Petroleum in a research note on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.00.

About Marathon Petroleum

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.