My Legacy Advisors LLC Sells 363 Shares of Marathon Petroleum Co. (NYSE:MPC)

My Legacy Advisors LLC decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 16.2% during the first quarter, HoldingsChannel reports. The fund owned 1,878 shares of the oil and gas company’s stock after selling 363 shares during the quarter. My Legacy Advisors LLC’s holdings in Marathon Petroleum were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MPC. Fourth Dimension Wealth LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $27,000. Asset Planning Inc bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $28,000. Sierra Ocean LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $31,000. Finally, Cape Investment Advisory Inc. raised its stake in shares of Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 267 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MPC. Scotiabank lowered their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. TD Cowen increased their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James decreased their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Wall Street Zen raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, Barclays increased their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $176.21.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $164.71 on Thursday. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The company has a 50 day simple moving average of $145.66 and a two-hundred day simple moving average of $146.32. The company has a market capitalization of $50.60 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 3.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio (DPR) is currently 51.20%.

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.