WealthShield Partners LLC Boosts Stake in Marathon Petroleum Co. (NYSE:MPC)

WealthShield Partners LLC raised its position in Marathon Petroleum Co. (NYSE:MPCFree Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,083 shares of the oil and gas company’s stock after buying an additional 530 shares during the period. WealthShield Partners LLC’s holdings in Marathon Petroleum were worth $2,089,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC increased its stake in Marathon Petroleum by 4.4% in the 3rd quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock valued at $523,000 after buying an additional 145 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in Marathon Petroleum by 9.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock valued at $87,753,000 after buying an additional 48,540 shares during the last quarter. Whittier Trust Co. increased its stake in Marathon Petroleum by 6.4% in the 4th quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company’s stock valued at $1,324,000 after buying an additional 537 shares during the last quarter. WBI Investments Inc. purchased a new stake in shares of Marathon Petroleum during the 3rd quarter worth approximately $5,522,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $757,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Raymond James raised their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 31st. Citigroup assumed coverage on shares of Marathon Petroleum in a research note on Wednesday, January 24th. They set a “neutral” rating for the company. Barclays raised their price target on shares of Marathon Petroleum from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $183.00 to $214.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $182.42.

Get Our Latest Analysis on Marathon Petroleum

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction 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 approximately $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Price Performance

NYSE:MPC traded up $4.01 during trading hours on Wednesday, hitting $215.39. The stock had a trading volume of 2,973,433 shares, compared to its average volume of 2,895,717. The company has a 50 day simple moving average of $178.15 and a two-hundred day simple moving average of $159.96. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $218.59. The firm has a market capitalization of $77.61 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 2.15 and a beta of 1.52.

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

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

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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