Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lowered its stake in Marathon Petroleum Co. (NYSE:MPC) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,294 shares of the oil and gas company’s stock after selling 300 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Marathon Petroleum were worth $1,092,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gryphon Financial Partners LLC boosted its holdings in shares of Marathon Petroleum by 81.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,226 shares of the oil and gas company’s stock valued at $627,000 after acquiring an additional 1,895 shares in the last quarter. Principal Securities Inc. acquired a new position in Marathon Petroleum during the fourth quarter worth about $659,000. Cary Street Partners Investment Advisory LLC raised its position in Marathon Petroleum by 3.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 6,477 shares of the oil and gas company’s stock worth $961,000 after acquiring an additional 218 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Marathon Petroleum by 9.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 14,605 shares of the oil and gas company’s stock valued at $2,167,000 after purchasing an additional 1,221 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Marathon Petroleum by 9.2% in the 4th quarter. QRG Capital Management Inc. now owns 53,707 shares of the oil and gas company’s stock worth $7,968,000 after purchasing an additional 4,523 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MPC. Raymond James reduced their target price on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a report on Thursday, May 30th. JPMorgan Chase & Co. reduced their price objective on Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company cut their target price on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Wolfe Research assumed coverage on Marathon Petroleum in a research report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price target for the company. Finally, Mizuho reduced their price objective on shares of Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.38.

Marathon Petroleum Stock Down 1.5 %

Shares of MPC stock traded down $2.46 during trading on Friday, hitting $166.00. 2,242,556 shares of the company were exchanged, compared to its average volume of 2,623,754. The business’s 50-day simple moving average is $171.21 and its 200 day simple moving average is $180.32. Marathon Petroleum Co. has a twelve month low of $139.32 and a twelve month high of $221.11. The firm has a market capitalization of $58.49 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 2.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 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 business had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. During the same period in the previous year, the company posted $5.32 EPS. Marathon Petroleum’s revenue was up 4.2% on a year-over-year basis. As a group, analysts forecast that Marathon Petroleum Co. will post 12.68 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

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.