Alpine Woods Capital Investors LLC Sells 75,500 Shares of Marathon Petroleum Corporation (MPC)

Alpine Woods Capital Investors LLC cut its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 88.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,500 shares of the oil and gas company’s stock after selling 75,500 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Marathon Petroleum Corporation were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Accurate Investment Solutions Inc. lifted its stake in Marathon Petroleum Corporation by 0.4% in the second quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 14 shares during the last quarter. Good Life Advisors LLC increased its position in shares of Marathon Petroleum Corporation by 0.5% in the second quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock valued at $363,000 after acquiring an additional 35 shares during the period. Parallel Advisors LLC increased its position in shares of Marathon Petroleum Corporation by 0.6% in the second quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $355,000 after acquiring an additional 36 shares during the period. Warren Averett Asset Management LLC increased its position in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock valued at $646,000 after acquiring an additional 40 shares during the period. Finally, Lee Financial Co increased its position in shares of Marathon Petroleum Corporation by 2.4% in the second quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 48 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.

In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Raymond L. Brooks sold 13,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $62.26, for a total transaction of $809,380.00. Following the transaction, the vice president now directly owns 32,205 shares in the company, valued at approximately $2,005,083.30. The disclosure for this sale can be found here. Insiders have sold a total of 102,028 shares of company stock valued at $6,253,447 in the last quarter. 1.05% of the stock is currently owned by company insiders.

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Shares of Marathon Petroleum Corporation (NYSE:MPC) traded up $0.35 on Wednesday, reaching $62.29. 2,532,800 shares of the company were exchanged, compared to its average volume of 4,386,010. Marathon Petroleum Corporation has a one year low of $44.60 and a one year high of $63.41. The company has a market cap of $30,420.00, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64.

Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.29. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The company had revenue of $19.36 billion during the quarter, compared to analyst estimates of $19.38 billion. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. equities analysts predict that Marathon Petroleum Corporation will post 3.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. Marathon Petroleum Corporation’s payout ratio is 50.00%.

MPC has been the topic of several research analyst reports. Zacks Investment Research cut shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Cowen and Company upped their target price on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. BidaskClub upgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC set a $65.00 price objective on shares of Marathon Petroleum Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $71.00 price objective on shares of Marathon Petroleum Corporation in a research report on Thursday, August 31st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Marathon Petroleum Corporation has an average rating of “Buy” and a consensus target price of $65.07.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

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

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