Goldman Sachs Group Inc. lowered its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,769,884 shares of the oil and gas company's stock after selling 175,471 shares during the quarter. Goldman Sachs Group Inc. owned 0.89% of Marathon Petroleum worth $403,544,000 as of its most recent filing. Several other institutional investors have also bought and sold shares of the business. Westwood Holdings Group Inc. lifted its position in Marathon Petroleum by 13.3% during the first quarter, now owning 4,004 shares valued at $583,000 after purchasing an additional 470 shares. West Michigan Advisors LLC lifted its holdings by 4.2%, now owning 19,461 shares worth $2,835,000 after acquiring 785 shares. iA Global Asset Management Inc. bought a new stake worth about $1,932,000. ABC Arbitrage SA bought a new stake worth about $797,000. Reaves W H & Co. Inc. lifted its holdings by 11.1%, now owning 150,000 shares worth $21,854,000 after acquiring 15,000 shares. Institutional investors own 76.77% of the company's stock.\n\nMarathon Petroleum last posted its earnings results on Tuesday, August 5th. The company reported $3.96 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.74. Revenue was $34.10 billion, compared to the consensus estimate of $31.70 billion, a year-over-year decline of 11.1%. The company had a net margin of 1.58% and a return on equity of 8.38%. Revenue for the quarter was down 11.1% year-over-year, compared to $4.12 EPS in the same quarter last year. Analysts forecast 8.47 EPS for the current fiscal year.\n\nThe firm also announced a quarterly dividend, to be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will receive a dividend of $0.91 per share, representing an annualized dividend of $3.64 and a yield of 2.3%. The dividend payout ratio (DPR) is 54.01%. Director sold 7,392 shares at an average price of $175.00, for a total of $1,293,600, reducing their position by 28.07%. The director now owns 18,944 shares valued at approximately $3,315,200. Company insiders own 0.21% of the company's stock.\n\nAnalysts have raised their price targets for Marathon Petroleum. Barclays set a new target of $189.00, and Wells Fargo increased theirs to $205.00. UBS Group raised its target from $175.00 to $203.00 and gave the stock a 'buy' rating. Citigroup raised its target from $144.00 to $182.00 and gave a 'neutral' rating. Dbs Bank upgraded to a 'moderate buy' rating. Mizuho raised its target from $168.00 to $184.00 and gave a 'neutral' rating. Scotiabank restated an 'outperform' rating. One analyst has a sell rating, nine have a hold rating, and eight have a buy rating. The consensus rating is 'Hold' with a consensus target price of $185.29.\n\nMarathon Petroleum Corporation operates as an integrated downstream energy company primarily in the United States, through Refining & Marketing and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at refineries in the Gulf Coast, Mid-Continent, and West Coast regions and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.\n\nThe company has a market cap of $48.93 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 2.80, and a beta of 0.90. Its 50-day simple moving average is $169.25 and its 200-day simple moving average is $153.74. The 12-month low is $115.10 and the 12-month high is $183.10. The stock traded down $0.56 to $160.95 on Friday, with 1,278,171 shares traded, compared to an average volume of 1,963,470. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23, and a quick ratio of 0.73.

Goldman Sachs Group Inc. Decreases Stock Position in Marathon Petroleum Corporation (NYSE:MPC)

Goldman Sachs Group Inc. reduced its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 6.0% in the first quarter, selling 175,471 shares and now owning 2,769,884 shares, representing 0.89% of the company's stock valued at $403.5 million. Other institutional investors such as Westwood Holdings Group Inc., West Michigan Advisors LLC, iA Global Asset Management Inc., ABC Arbitrage SA, and Reaves W H & Co. Inc. also adjusted their positions. Marathon Petroleum reported Q1 earnings of $3.96 EPS and $34.10 billion in revenue, beating estimates, though revenue declined year-over-year by 11.1%. The company announced a quarterly dividend of $0.91 per share, with an annualized yield of 2.3%. Analysts have raised price targets, with UBS, Barclays, Wells Fargo, Citigroup, and Mizuho increasing their estimates, while the consensus rating remains 'Hold' at $185.29. Marathon Petroleum operates as an integrated downstream energy company in the U.S., with a market cap of $48.93 billion and key financial metrics including a P/E ratio of 23.88 and a debt-to-equity ratio of 1.15.