Regal Investment Advisors LLC Reduces Holdings in Marathon Petroleum Co. (NYSE:MPC)

Regal Investment Advisors LLC trimmed its stake in Marathon Petroleum Co. (NYSE:MPCGet Rating) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,798 shares of the oil and gas company’s stock after selling 3,555 shares during the period. Regal Investment Advisors LLC’s holdings in Marathon Petroleum were worth $1,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MPC. Capital Wealth Planning LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth $140,222,000. Natixis lifted its stake in shares of Marathon Petroleum by 834.6% in the 3rd quarter. Natixis now owns 1,422,016 shares of the oil and gas company’s stock worth $87,895,000 after acquiring an additional 1,269,869 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Marathon Petroleum by 181.6% in the 3rd quarter. Hsbc Holdings PLC now owns 1,513,321 shares of the oil and gas company’s stock worth $93,541,000 after acquiring an additional 975,983 shares during the period. TOMS Capital Investment Management LP acquired a new stake in shares of Marathon Petroleum in the 3rd quarter worth $53,754,000. Finally, Franklin Resources Inc. lifted its stake in shares of Marathon Petroleum by 6.8% in the 3rd quarter. Franklin Resources Inc. now owns 11,826,303 shares of the oil and gas company’s stock worth $730,983,000 after acquiring an additional 756,958 shares during the period. 80.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Kim K.W. Rucker sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $83.00, for a total value of $415,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.

Shares of NYSE MPC traded up $3.14 during midday trading on Friday, reaching $95.88. 5,834,858 shares of the stock were exchanged, compared to its average volume of 4,927,485. The company has a market capitalization of $51.87 billion, a P/E ratio of 5.69, a P/E/G ratio of 0.50 and a beta of 1.77. Marathon Petroleum Co. has a 52-week low of $50.19 and a 52-week high of $96.90. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $85.30 and a 200-day moving average price of $74.73.

Marathon Petroleum (NYSE:MPCGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The oil and gas company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.10. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $32.46 billion. Marathon Petroleum had a net margin of 7.93% and a return on equity of 7.60%. The company’s quarterly revenue was up 67.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) earnings per share. On average, analysts forecast that Marathon Petroleum Co. will post 9.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Wednesday, May 18th will be issued a $0.58 dividend. The ex-dividend date is Tuesday, May 17th. This represents a $2.32 dividend on an annualized basis and a yield of 2.42%. Marathon Petroleum’s payout ratio is 13.77%.

Several analysts have recently commented on MPC shares. TheStreet upgraded shares of Marathon Petroleum from a “c+” rating to a “b” rating in a research note on Wednesday, March 2nd. Cowen raised their target price on shares of Marathon Petroleum from $83.00 to $90.00 in a research note on Thursday, February 3rd. Piper Sandler raised their target price on shares of Marathon Petroleum from $76.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, April 18th. Morgan Stanley raised their price objective on shares of Marathon Petroleum from $90.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, April 18th. Finally, Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $91.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, April 21st. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $96.55.

About Marathon Petroleum (Get Rating)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.

Further Reading

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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