Advisor Resource Council Purchases Shares of 7,631 Marathon Petroleum Corporation (NYSE:MPC)

Advisor Resource Council acquired a new position in Marathon Petroleum Corporation (NYSE:MPC — Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,631 shares of the oil and gas company’s stock, valued at approximately $1,112,000.

Several other institutional investors have also modified their holdings of the company. SWS Partners lifted its holdings in Marathon Petroleum by 19.0% in the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock valued at $2,452,000 after acquiring an additional 2,806 shares during the last quarter. Greatmark Investment Partners Inc. raised its holdings in shares of Marathon Petroleum by 3.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock worth $22,483,000 after purchasing an additional 5,476 shares in the last quarter. TCTC Holdings LLC lifted its stake in Marathon Petroleum by 3.3% during the fourth quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock valued at $12,730,000 after purchasing an additional 2,892 shares during the last quarter. Cambridge Financial Group Inc. acquired a new position in Marathon Petroleum in the fourth quarter worth approximately $5,624,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at $1,192,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.9%

Shares of NYSE:MPC opened at $168.93 on Friday. The firm has a fifty day moving average of $151.77 and a two-hundred day moving average of $146.83. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $183.31. The firm has a market capitalization of $51.90 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.34 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC — Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The firm had revenue of $31.85 billion during the quarter, compared to analysts’ expectations of $28.91 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.15%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum’s payout ratio is presently 51.20%.

Analysts Set New Price Targets

MPC has been the subject of several research reports. Wall Street Zen raised Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Evercore ISI started coverage on Marathon Petroleum in a research report on Wednesday. They issued an “in-line” rating and a $170.00 price target for the company. Morgan Stanley cut their price objective on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Mizuho raised their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Finally, Barclays lifted their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $175.80.

View Our Latest Stock Report on MPC

Marathon Petroleum 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.

Further Reading

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