Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp boosted its stake in Marathon Petroleum Co. (NYSE:MPC) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 39,448 shares of the oil and gas company’s stock after purchasing an additional 876 shares during the period. Marathon Petroleum makes up 1.1% of Consolidated Planning Corp’s portfolio, making the stock its 23rd largest position. Consolidated Planning Corp’s holdings in Marathon Petroleum were worth $5,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MPC. Aspire Private Capital LLC lifted its stake in shares of Marathon Petroleum by 4.4% during the 3rd quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock worth $523,000 after purchasing an additional 145 shares during the period. Allworth Financial LP lifted its stake in shares of Marathon Petroleum by 3.2% during the 4th quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company’s stock worth $1,617,000 after purchasing an additional 340 shares during the period. Brandywine Global Investment Management LLC increased its holdings in shares of Marathon Petroleum by 9.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock worth $87,753,000 after buying an additional 48,540 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth $738,000. Finally, Whittier Trust Co. increased its holdings in shares of Marathon Petroleum by 6.4% during the 4th quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company’s stock worth $1,324,000 after buying an additional 537 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.6 %

Shares of Marathon Petroleum stock traded down $1.12 during trading hours on Friday, hitting $198.39. 1,954,070 shares of the company’s stock traded hands, compared to its average volume of 2,218,313. The stock has a 50 day simple moving average of $192.39 and a 200-day simple moving average of $166.82. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. The company has a market cap of $71.49 billion, a PE ratio of 8.43, a PEG ratio of 1.62 and a beta of 1.52. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping 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 business had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. During the same quarter last year, the company posted $6.65 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. Equities research analysts anticipate that Marathon Petroleum Co. will post 20.49 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.825 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of 1.66%. Marathon Petroleum’s payout ratio is 14.02%.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on MPC shares. Barclays upped their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. TD Cowen upped their price objective on Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Wells Fargo & Company increased their price target on Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Citigroup initiated coverage on Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. Finally, Bank of America increased their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.77.

About Marathon Petroleum

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.