Moss Adams Wealth Advisors LLC Has $209,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Moss Adams Wealth Advisors LLC boosted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 9.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,285 shares of the oil and gas company’s stock after acquiring an additional 108 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $209,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC boosted its position in Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new position in Marathon Petroleum in the first quarter worth approximately $29,000. Wellington Shields & Co. LLC bought a new position in Marathon Petroleum during the first quarter valued at approximately $40,000. TruNorth Capital Management LLC acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $35,000. Finally, Industrial Alliance Investment Management Inc. bought a new stake in Marathon Petroleum in the second quarter worth approximately $35,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Trading Down 0.0 %

Shares of Marathon Petroleum stock opened at $158.30 on Friday. The company’s fifty day moving average price is $167.72 and its two-hundred day moving average price is $175.65. The firm has a market capitalization of $55.77 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. Marathon Petroleum Co. has a 52-week low of $140.98 and a 52-week high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.32 earnings per share. On average, analysts expect that Marathon Petroleum Co. will post 10.22 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 2.08%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MPC shares. Morgan Stanley cut their price target on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Barclays lowered their target price on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Citigroup decreased their price target on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. TD Cowen lifted their price objective on Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. decreased their target price on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $187.00.

Marathon Petroleum Company Profile

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.