Wealth Enhancement Advisory Services LLC Has $15.07 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Wealth Enhancement Advisory Services LLC raised its position in Marathon Petroleum Co. (NYSE:MPC — Free Report) by 25.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,060 shares of the oil and gas company’s stock after buying an additional 21,947 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Marathon Petroleum were worth $15,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPC. Brighton Jones LLC boosted its position in Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after buying an additional 1,178 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in Marathon Petroleum by 18.1% in the fourth quarter. Mediolanum International Funds Ltd now owns 59,740 shares of the oil and gas company’s stock valued at $8,081,000 after buying an additional 9,139 shares in the last quarter. Hixon Zuercher LLC boosted its position in Marathon Petroleum by 2.7% in the fourth quarter. Hixon Zuercher LLC now owns 4,176 shares of the oil and gas company’s stock valued at $583,000 after buying an additional 110 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at about $601,000. Finally, Everett Harris & Co. CA boosted its position in Marathon Petroleum by 19.6% in the fourth quarter. Everett Harris & Co. CA now owns 1,752 shares of the oil and gas company’s stock valued at $244,000 after buying an additional 287 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Trading Up 0.4%

Shares of NYSE MPC opened at $160.62 on Friday. The company’s 50 day simple moving average is $142.62 and its 200 day simple moving average is $146.23. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The firm has a market capitalization of $49.34 billion, a P/E ratio of 16.18, a P/E/G ratio of 3.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

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

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum’s payout ratio is presently 51.20%.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. The trade was a 19.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MPC shares. Mizuho upped their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Piper Sandler reduced their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Raymond James reduced their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays upped 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 investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.29.

Check Out Our Latest Analysis on Marathon Petroleum

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.

Further Reading

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