LSV Asset Management Sells 31,306 Shares of Marathon Petroleum Co. (NYSE:MPC)

LSV Asset Management reduced its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 1,678,615 shares of the oil and gas company’s stock after selling 31,306 shares during the period. LSV Asset Management’s holdings in Marathon Petroleum were worth $291,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Gryphon Financial Partners LLC boosted its holdings in Marathon Petroleum by 81.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,226 shares of the oil and gas company’s stock worth $627,000 after buying an additional 1,895 shares during the period. Principal Securities Inc. bought a new position in shares of Marathon Petroleum in the fourth quarter worth about $659,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Marathon Petroleum by 3.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 6,477 shares of the oil and gas company’s stock worth $961,000 after purchasing an additional 218 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in Marathon Petroleum by 9.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 14,605 shares of the oil and gas company’s stock valued at $2,167,000 after purchasing an additional 1,221 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in Marathon Petroleum by 9.2% in the 4th quarter. QRG Capital Management Inc. now owns 53,707 shares of the oil and gas company’s stock worth $7,968,000 after purchasing an additional 4,523 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Trading Down 1.5 %

MPC traded down $2.46 during trading on Friday, reaching $166.00. The company had a trading volume of 2,242,556 shares, compared to its average volume of 2,623,754. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The business has a 50 day simple moving average of $171.21 and a 200-day simple moving average of $180.32. The stock has a market cap of $58.49 billion, a P/E ratio of 8.29, a PEG ratio of 2.33 and a beta of 1.38. Marathon Petroleum Co. has a 52 week low of $139.32 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $5.32 EPS. On average, equities analysts anticipate that Marathon Petroleum Co. will post 12.68 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 1.99%. Marathon Petroleum’s payout ratio is 16.48%.

Analyst Upgrades and Downgrades

MPC has been the topic of several research analyst reports. StockNews.com downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Wells Fargo & Company decreased their price target on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Barclays cut their price objective on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. Raymond James reduced their target price on Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. dropped their price target on Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $198.38.

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.