Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. reduced its stake in Marathon Petroleum Co. (NYSE:MPC) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,342 shares of the oil and gas company’s stock after selling 763 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Marathon Petroleum were worth $1,622,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. lifted its position in Marathon Petroleum by 0.9% during the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock worth $1,276,000 after buying an additional 55 shares during the period. 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 period. WR Wealth Planners LLC boosted its position in shares of Marathon Petroleum by 15.2% in the second 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. Bruce G. Allen Investments LLC grew its holdings in Marathon Petroleum by 27.3% in the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 59 shares during the period. Finally, First Financial Corp IN increased its position in Marathon Petroleum by 2.5% during the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock worth $489,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Tudor, Pickering, Holt & Co. lowered shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. Barclays reduced their target price on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Jefferies Financial Group raised their price objective on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Wolfe Research started coverage on Marathon Petroleum in a report on Thursday, July 18th. They set an “outperform” rating and a $200.00 target price for the company. Finally, TD Cowen raised their price target on shares of Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum presently has a consensus rating of “Hold” and an average price target of $199.46.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $161.01 on Tuesday. The company’s fifty day moving average price is $169.90 and its two-hundred day moving average price is $180.10. 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 firm has a market capitalization of $56.73 billion, a P/E ratio of 8.04, a P/E/G ratio of 2.09 and a beta of 1.38. Marathon Petroleum Co. has a 12 month low of $139.32 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter in the prior year, the business posted $5.32 earnings per share. Marathon Petroleum’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts anticipate that Marathon Petroleum Co. will post 12.68 earnings per share for the current fiscal 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 issued a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 2.05%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

Marathon Petroleum Company 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.