Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by WealthShield Partners LLC

WealthShield Partners LLC raised its position in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,083 shares of the oil and gas company’s stock after purchasing an additional 530 shares during the period. WealthShield Partners LLC’s holdings in Marathon Petroleum were worth $2,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Point Inc. acquired a new position in Marathon Petroleum during the 4th quarter valued at about $738,000. LVZ Inc. lifted its stake in shares of Marathon Petroleum by 9.1% in the 4th quarter. LVZ Inc. now owns 2,463 shares of the oil and gas company’s stock worth $365,000 after acquiring an additional 206 shares during the period. U S Global Investors Inc. acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $445,000. Venturi Wealth Management LLC lifted its stake in shares of Marathon Petroleum by 6.2% in the 4th quarter. Venturi Wealth Management LLC now owns 2,399 shares of the oil and gas company’s stock worth $356,000 after acquiring an additional 140 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of Marathon Petroleum by 23.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,630 shares of the oil and gas company’s stock worth $686,000 after acquiring an additional 876 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 1.9 %

Marathon Petroleum stock traded up $4.01 during trading hours on Wednesday, hitting $215.39. The company had a trading volume of 2,973,433 shares, compared to its average volume of 2,895,717. The firm has a market capitalization of $77.61 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 2.15 and a beta of 1.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The firm’s fifty day moving average is $178.15 and its 200-day moving average is $159.96. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $218.59.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.21 by $1.77. The firm had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.65 EPS. On average, research analysts forecast that Marathon Petroleum Co. will post 15.82 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.53%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is 14.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. The Goldman Sachs Group boosted their target price on shares of Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. boosted their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday. Bank of America boosted their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Finally, Barclays boosted their target price on shares of Marathon Petroleum from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.42.

Get Our Latest Analysis on Marathon Petroleum

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now directly owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Company Profile

(Free Report)

Marathon 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.

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

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