GC Wealth Management RIA LLC Sells 2,488 Shares of Marathon Petroleum Corporation $MPC

GC Wealth Management RIA LLC lessened its holdings in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 50.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,479 shares of the oil and gas company’s stock after selling 2,488 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Marathon Petroleum were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of MPC. Kohmann Bosshard Financial Services LLC bought a new position in Marathon Petroleum in the 4th quarter valued at $31,000. WFA of San Diego LLC bought a new position in Marathon Petroleum in the 2nd quarter valued at $33,000. Ares Financial Consulting LLC bought a new position in Marathon Petroleum in the 4th quarter valued at $34,000. Rialto Wealth Management LLC grew its position in Marathon Petroleum by 721.4% in the 4th quarter. Rialto Wealth Management LLC now owns 230 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 202 shares during the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in Marathon Petroleum in the 4th quarter valued at $38,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 0.6%

MPC opened at $246.77 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27. The firm has a market cap of $72.67 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 0.37 and a beta of 0.53. Marathon Petroleum Corporation has a 12 month low of $137.30 and a 12 month high of $255.77. The stock has a fifty day moving average price of $226.00 and a 200-day moving average price of $199.36.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The firm had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. As a group, equities research analysts anticipate that Marathon Petroleum Corporation will post 26.3 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is 29.96%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MPC. Mizuho increased their price target on Marathon Petroleum from $205.00 to $224.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Morgan Stanley raised their price target on Marathon Petroleum from $200.00 to $233.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their price target on Marathon Petroleum from $184.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Wells Fargo & Company raised their price target on Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, TD Cowen raised their price target on Marathon Petroleum from $198.00 to $299.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $241.81.

Get Our Latest Analysis on MPC

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,626 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares in the company, valued at $1,717,054.50. This represents a 17.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 4,473 shares of company stock worth $1,015,428. Corporate insiders own 0.17% of the company’s stock.

Key Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

About Marathon Petroleum

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPCFree Report).

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.