SWS Partners Trims Holdings in Marathon Petroleum Co. (NYSE:MPC)

SWS Partners cut its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 24.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,771 shares of the oil and gas company's stock after selling 4,841 shares during the period. SWS Partners' holdings in Marathon Petroleum were worth $2,406,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MPC. Zhang Financial LLC raised its position in shares of Marathon Petroleum by 18.9% in the third quarter. Zhang Financial LLC now owns 8,324 shares of the oil and gas company's stock worth $1,356,000 after acquiring an additional 1,322 shares during the period. Occidental Asset Management LLC lifted its position in shares of Marathon Petroleum by 42.3% during the 3rd quarter. Occidental Asset Management LLC now owns 1,716 shares of the oil and gas company's stock valued at $280,000 after buying an additional 510 shares in the last quarter. Creative Planning increased its holdings in Marathon Petroleum by 0.5% in the 3rd quarter. Creative Planning now owns 156,925 shares of the oil and gas company's stock worth $25,565,000 after acquiring an additional 840 shares in the last quarter. CX Institutional grew its position in shares of Marathon Petroleum by 25.3% in the third quarter. CX Institutional now owns 33,182 shares of the oil and gas company's stock valued at $5,406,000 after purchasing an additional 6,705 shares during the period. Finally, Grove Bank & Trust raised its position in shares of Marathon Petroleum by 33.9% during the 3rd quarter. Grove Bank & Trust now owns 2,538 shares of the oil and gas company's stock worth $413,000 after purchasing an additional 643 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

Marathon Petroleum stock traded down $5.44 during mid-day trading on Tuesday, reaching $157.06. 2,556,824 shares of the company were exchanged, compared to its average volume of 2,692,521. The firm has a market cap of $55.34 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The firm's 50-day simple moving average is $168.89 and its two-hundred day simple moving average is $176.79. Marathon Petroleum Co. has a twelve month low of $140.98 and a twelve month high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping the consensus estimate of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to analysts' expectations 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. Equities analysts predict that Marathon Petroleum Co. will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 2.10%. Marathon Petroleum's payout ratio is currently 16.48%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MPC shares. Jefferies Financial Group increased their target price on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a "buy" rating in a research report on Monday, July 15th. Piper Sandler cut their target price on Marathon Petroleum from $168.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, September 20th. Wells Fargo & Company reduced their target price on shares of Marathon Petroleum from $196.00 to $183.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. BMO Capital Markets cut their price target on shares of Marathon Petroleum from $200.00 to $190.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Finally, Wolfe Research initiated coverage on Marathon Petroleum in a research report on Thursday, July 18th. They issued an "outperform" rating and a $200.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus price target of $190.73.

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.