Total Wealth Planning & Management Inc. Acquires New Holdings in Marathon Petroleum Co. (NYSE:MPC)

Total Wealth Planning & Management Inc. acquired a new stake in shares of Marathon Petroleum Co. (NYSE:MPC — Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,167 shares of the oil and gas company’s stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPC. Avior Wealth Management LLC grew its stake in Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company’s stock worth $303,000 after buying an additional 71 shares in the last quarter. Brighton Jones LLC grew its stake in Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after buying an additional 1,178 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Marathon Petroleum by 10.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,317 shares of the oil and gas company’s stock worth $463,000 after buying an additional 317 shares in the last quarter. PFG Investments LLC grew its stake in Marathon Petroleum by 10.7% in the 4th quarter. PFG Investments LLC now owns 5,048 shares of the oil and gas company’s stock worth $704,000 after buying an additional 486 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Marathon Petroleum by 24.2% in the 4th quarter. Blue Trust Inc. now owns 7,667 shares of the oil and gas company’s stock worth $1,070,000 after buying an additional 1,492 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.2%

NYSE:MPC opened at $159.18 on Tuesday. The company has a fifty day moving average of $141.77 and a 200 day moving average of $145.97. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $48.90 billion, a P/E ratio of 16.03, a P/E/G ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC — Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same period in the prior year, the business posted $2.58 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. On average, research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.29%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of research reports. Piper Sandler cut their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. Barclays upped their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley cut their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.29.

View Our Latest Research Report on Marathon Petroleum

Insiders Place Their Bets

In related news, Director Evan Bayh acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This trade represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68% increase in their position. The disclosure for this purchase can be found here. Company 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.

See Also

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