ETFs Are Net Sellers of Marathon Petroleum (MPC) on Oct. 27

This article first appeared on GuruFocus.

After two straight days of net buying, ETF activity in Marathon Petroleum flipped to net selling on Tuesday, with a net $13.5 million pulled from the stock. More funds traded the other way 25 ETFs bought versus 13 that sold but in smaller amounts. The move follows net inflows of $2.7 million on Monday and $7.1 million on Oct. 23, after outflows of $10.8 million on Oct. 22 and $4.4 million on Oct. 21.

For the full record of ETF and guru buying and selling in MPC, see the MPC guru trades page.

Which ETFs sold MPC on Tuesday?

The largest sellers by dollar value were XLE ($13.2 million), SPY ($4.3 million) and IWS ($2.4 million). In all, 25 ETFs added shares and 13 cut them.

Energy Select Sector SPDR Fund (XLE) drove the selling, cutting 30,378 shares for a $13.2 million reduction, a 0.63% stake change at a 4.68% portfolio weight. SPDR S&P 500 ETF Trust (SPY) trimmed 9,882 shares worth $4.3 million, and iShares Russell Mid-Cap Value ETF (IWS) shed 5,428 shares for $2.4 million. Smaller reductions came from SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and iShares MSCI USA Momentum Factor ETF (MTUM). Marathon Petroleum operates in the Energy sector, in Oil & Gas Refining & Marketing, with a market cap of $123.8 billion.

Have ETFs been buying or selling MPC lately?

Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.

What does MPC do?

Marathon Petroleum is the largest oil refiner in the United States, operating 13 refineries with roughly 3 million barrels per day of crude capacity across the Gulf Coast, Midwest, and West Coast, including the nation’s largest refinery in Galveston Bay, Texas.

Marathon Petroleum reported trailing-12-month revenue of $153.26 billion, up 23.7% over one year, with a gross margin of 10.7% and a net margin of 5.6%. Its P/E ratio is 15.17, P/B 6.54 and P/S 0.85, alongside a $123.8 billion market cap. The GF Score stands at 61, and GF Value of $230.94 compares with a price of $440.77. The dividend yield is 1.12%, and the stock has returned 174.17% year to date.