LSV Asset Management Has $214.81 Million Stock Holdings in Marathon Petroleum Corporation (NYSE:MPC)\n\n**Key Points**\n- LSV Asset Management has reduced its stake in Marathon Petroleum by 2.4%, now holding approximately 1.47 million shares worth $214.8 million.\n- Marathon Petroleum reported earnings of **($0.24) per share** for its latest quarter, surpassing estimates, and generated **$31.85 billion** in revenue, which was also above expectations.\n- The company announced a quarterly dividend of **$0.91 per share**, with a dividend yield of 2.2%, scheduled for payment on September 10th.\n\nLSV Asset Management cut its position in Marathon Petroleum Corporation by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,474,411 shares of the oil and gas company's stock after selling 36,472 shares during the quarter. LSV Asset Management owned 0.47% of Marathon Petroleum worth $214,807,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also made changes to their positions in MPC.\n\nFourth Dimension Wealth LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at $26,000. CBIZ Investment Advisory Services LLC raised its holdings in Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after acquiring an additional 201 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in Marathon Petroleum in the first quarter valued at $32,000. Decker Retirement Planning Inc. raised its holdings in Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 227 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Marathon Petroleum in the first quarter valued at $35,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.\n\nInsider Activity\nIn other Marathon Petroleum news, a Director sold 7,392 shares of Marathon Petroleum stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the sale, the director owned 18,944 shares in the company, valued at $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission. Insiders own 0.25% of the company's stock. Marathon Petroleum Stock Down 2.8% traded down $4.72 during midday trading on Friday, hitting $165.47. 1,385,293 shares of the company's stock traded hands, compared to its average volume of 2,039,764. The company has a market cap of $50.83 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90. The stock's fifty day simple moving average is $168.81 and its 200-day simple moving average is $153.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $183.10.\n\nMarathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The company's revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.\n\nMarathon Petroleum Announces Dividend\nThe business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 2.2%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.\n\nWall Street Analysts Forecast Growth\nMPC has been the topic of a number of research reports. Dbs Bank raised shares of Marathon Petroleum to a \"moderate buy\" rating in a report on Monday, July 28th. Wolfe Research cut shares of Marathon Petroleum from an \"outperform\" rating to a \"peer perform\" rating in a report on Monday, July 14th. Piper Sandler upped their price target on shares of Marathon Petroleum from $175.00 to $182.00 and gave the stock a \"neutral\" rating in a research report on Tuesday, July 22nd. TD Cowen upped their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the stock a \"buy\" rating in a research report on Tuesday, June 10th. Finally, Raymond James Financial reiterated an \"outperform\" rating and issued a $200.00 target price (up previously from $180.00) on shares of Marathon Petroleum in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of \"Hold\" and an average price target of $183.93.\n\nAbout Marathon Petroleum\nMarathon 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.

Marathon Petroleum Corporation (NYSE:MPC) Position Trimmed by LSV Asset Management

LSV Asset Management reduced its stake in Marathon Petroleum (MPC) by 2.4%, holding 1.47 million shares worth $214.8 million. MPC reported earnings of ($0.24) per share, exceeding estimates, and announced a $0.91 quarterly dividend with a 2.2% yield. Other institutional investors adjusted their MPC positions, while insiders sold shares, impacting the stock's price and market metrics.