Auxano Advisors LLC Sells 262 Shares of Marathon Petroleum Co. (NYSE:MPC)

Auxano Advisors LLC reduced its holdings in Marathon Petroleum Co. (NYSE:MPC) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,386 shares of the oil and gas company’s stock after selling 262 shares during the period. Auxano Advisors LLC’s holdings in Marathon Petroleum were worth $354,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Marathon Petroleum during the 4th quarter valued at $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $32,000. Pittenger & Anderson Inc. acquired a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $36,000. Tennessee Valley Asset Management Partners acquired a new stake in Marathon Petroleum in the 4th quarter valued at $40,000. Finally, Peoples Bank KS bought a new stake in Marathon Petroleum in the third quarter valued at $44,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MPC has been the subject of a number of analyst reports. Barclays lifted their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Citigroup initiated coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Piper Sandler raised their price objective on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Raymond James boosted their target price on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 31st. Finally, Mizuho raised their price target on Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.77.

Insider Buying and Selling

In other news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Marathon Petroleum Trading Down 9.4 %

Shares of Marathon Petroleum stock traded down $18.79 during trading on Tuesday, hitting $181.72. 5,757,997 shares of the company were exchanged, compared to its average volume of 2,784,709. The firm’s fifty day moving average price is $193.00 and its 200 day moving average price is $167.44. Marathon Petroleum Co. has a 1-year low of $104.32 and a 1-year high of $221.11. The firm has a market capitalization of $65.48 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.21 by $1.77. The company had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.65 earnings per share. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 20.49 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

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.