Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its stake in Marathon Petroleum Co. (NYSE:MPC) by 3.9% during the second quarter, Holdings Channel.com reports. The firm owned 9,387 shares of the oil and gas company’s stock after selling 386 shares during the quarter. Moors & Cabot Inc.’s holdings in Marathon Petroleum were worth $1,628,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its position in shares of Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 1st quarter worth about $29,000. ICA Group Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth about $30,000. Vima LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth about $30,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 1.8 %

Shares of MPC stock opened at $163.87 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a twelve month low of $139.32 and a twelve month high of $221.11. The company has a market capitalization of $57.74 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. The business’s 50 day moving average is $169.92 and its two-hundred day moving average is $180.04.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share 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 for the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the previous year, the business earned $5.32 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts forecast that Marathon Petroleum Co. will post 12.68 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.01%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Wall Street Analyst Weigh In

MPC has been the topic of several research analyst reports. Wolfe Research initiated coverage on Marathon Petroleum in a research report on Thursday, July 18th. They set an “outperform” rating and a $200.00 target price on the stock. Mizuho dropped their price target on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday. Tudor Pickering downgraded Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. TD Cowen raised their price target on Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum presently has an average rating of “Hold” and a consensus price target of $199.46.

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.