Teamwork Financial Advisors LLC Sells 16,866 Shares of Marathon Petroleum Co. (NYSE:MPC)

Teamwork Financial Advisors LLC lowered its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 76.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,229 shares of the oil and gas company's stock after selling 16,866 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Marathon Petroleum were worth $852,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC lifted its holdings in shares of Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 100 shares during the period. Crewe Advisors LLC bought a new stake in Marathon Petroleum during the first quarter worth about $29,000. Wellington Shields & Co. LLC acquired a new stake in shares of Marathon Petroleum during the first quarter worth approximately $40,000. TruNorth Capital Management LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at approximately $35,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of Marathon Petroleum in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Trading Down 0.0 %

Shares of MPC stock traded down $0.05 on Friday, reaching $158.26. The company had a trading volume of 2,214,847 shares, compared to its average volume of 2,682,881. The stock has a market cap of $55.76 billion, a PE ratio of 7.91, a PEG ratio of 2.65 and a beta of 1.37. The company has a 50-day moving average of $167.72 and a 200-day moving average of $175.90. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a 12 month low of $140.98 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same period last year, the business posted $5.32 earnings per share. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were issued a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 2.09%. Marathon Petroleum's dividend payout ratio (DPR) is currently 16.48%.

Analyst Upgrades and Downgrades

MPC has been the subject of several research analyst reports. Citigroup cut their price objective on Marathon Petroleum from $172.00 to $167.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Scotiabank reduced their price target on shares of Marathon Petroleum from $191.00 to $170.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Piper Sandler lowered their price objective on shares of Marathon Petroleum from $168.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. Morgan Stanley reduced their target price on shares of Marathon Petroleum from $196.00 to $182.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Finally, Barclays lowered their price target on shares of Marathon Petroleum from $180.00 to $168.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and an average target price of $187.00.

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.