Freestone Capital Holdings LLC Sells 308 Shares of Marathon Petroleum Corporation $MPC

Freestone Capital Holdings LLC lowered its stake in Marathon Petroleum Corporation (NYSE:MPC) by 3.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,642 shares of the oil and gas company’s stock after selling 308 shares during the period. Freestone Capital Holdings LLC’s holdings in Marathon Petroleum were worth $1,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after buying an additional 1,178 shares during the period. Silver Oak Securities Incorporated purchased a new position in shares of Marathon Petroleum in the first quarter valued at about $339,000. Lee Danner & Bass Inc. boosted its holdings in shares of Marathon Petroleum by 15.2% during the first quarter. Lee Danner & Bass Inc. now owns 3,785 shares of the oil and gas company’s stock worth $551,000 after purchasing an additional 500 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Marathon Petroleum by 11.7% in the first quarter. TD Private Client Wealth LLC now owns 6,035 shares of the oil and gas company’s stock worth $879,000 after purchasing an additional 632 shares during the last quarter. Finally, Callan Capital LLC increased its holdings in Marathon Petroleum by 6.9% during the 1st quarter. Callan Capital LLC now owns 2,049 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 132 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MPC has been the topic of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $203.00 price objective (up from $199.00) on shares of Marathon Petroleum in a research report on Friday, October 17th. Bank of America upped their price target on Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. TD Cowen lowered their price objective on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Barclays boosted their target price on shares of Marathon Petroleum from $176.00 to $194.00 and gave the company an “overweight” rating in a report on Monday, October 13th. Finally, Scotiabank reiterated an “outperform” rating on shares of Marathon Petroleum in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.31.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $195.93 on Tuesday. The business has a fifty day moving average price of $186.93 and a 200-day moving average price of $170.76. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The company has a market capitalization of $59.57 billion, a PE ratio of 29.07, a PEG ratio of 4.08 and a beta of 0.90. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $201.61.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.74. The company had revenue of $34.10 billion for the quarter, compared to analysts’ expectations of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. Marathon Petroleum’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.12 EPS. As a group, equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 19th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio is currently 54.01%.

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.