Sapient Capital LLC Has $343,000 Stock Holdings in Marathon Petroleum Corporation $MPC

Sapient Capital LLC reduced its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 62.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,342 shares of the oil and gas company’s stock after selling 2,280 shares during the period. Sapient Capital LLC’s holdings in Marathon Petroleum were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPC. BlackRock Inc. acquired a new stake in Marathon Petroleum during the 2nd quarter worth $6,648,958,000. State Street Corp raised its holdings in shares of Marathon Petroleum by 0.3% during the fourth quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock worth $2,916,660,000 after acquiring an additional 47,896 shares during the period. Boston Partners lifted its holdings in shares of Marathon Petroleum by 2.3% in the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after purchasing an additional 141,691 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $1,029,611,000. Finally, Norges Bank bought a new position in Marathon Petroleum in the fourth quarter valued at $472,312,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $389.86 on Friday. The business has a 50-day moving average price of $322.31 and a two-hundred day moving average price of $266.52. Marathon Petroleum Corporation has a 1-year low of $161.93 and a 1-year high of $398.52. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a market cap of $113.81 billion, a P/E ratio of 13.40, a PEG ratio of 0.25 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period in the previous year, the business earned $3.96 EPS. The firm’s revenue was up 53.5% compared to the same quarter last year. As a group, analysts anticipate that Marathon Petroleum Corporation will post 47.23 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Cowen upped their price target on shares of Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Piper Sandler increased their price objective on Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a research report on Thursday. Mizuho boosted their target price on shares of Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $322.44.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, SVP Shawn M. Lyon sold 2,500 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.