True North Advisors LLC Sells 1,975 Shares of Marathon Petroleum Corporation $MPC

True North Advisors LLC trimmed its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 67.7% during the 1st quarter, Holdings Channel reports. The fund owned 942 shares of the oil and gas company’s stock after selling 1,975 shares during the period. True North Advisors LLC’s holdings in Marathon Petroleum were worth $230,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after buying an additional 1,178 shares during the period. Woodline Partners LP increased its holdings in shares of Marathon Petroleum by 38.3% in the 1st quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after acquiring an additional 7,396 shares during the period. Sivia Capital Partners LLC raised its position in shares of Marathon Petroleum by 26.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after acquiring an additional 466 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Marathon Petroleum in the 2nd quarter worth $8,505,000. Finally, AXA S.A. lifted its stake in shares of Marathon Petroleum by 46.7% during the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after purchasing an additional 12,639 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the topic of several analyst reports. Citigroup lifted their target price on Marathon Petroleum from $257.00 to $303.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Morgan Stanley increased their price target on shares of Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Jefferies Financial Group set a $335.00 price target on shares of Marathon Petroleum and gave the company a “buy” rating in a report on Sunday, July 12th. Zacks Research lowered shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 17th. Finally, Scotiabank increased their target price on shares of Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $283.56.

Insider Buying and Selling

In related news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Stock Up 0.0%

Shares of MPC stock opened at $312.74 on Monday. The stock’s fifty day moving average price is $262.34 and its 200 day moving average price is $227.78. Marathon Petroleum Corporation has a 1-year low of $158.00 and a 1-year high of $313.15. The company has a market cap of $91.30 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 0.42 and a beta of 0.52. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. During the same period last year, the business posted ($0.24) earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, research analysts expect that Marathon Petroleum Corporation will post 35.82 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

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.