2,377 Shares in Marathon Petroleum Corporation $MPC Bought by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC purchased 2,377 shares of Marathon Petroleum Corporation, valued at approximately $395,000, during the second quarter.
• Marathon Petroleum's quarterly earnings report showed $3.96 earnings per share, surpassing the consensus estimate of $3.22, with a revenue of $34.10 billion.
• Insiders have recently been active, with Molly R. Benson selling 10,879 shares for around $1.77 million, indicating notable transactions within the company.

GC Wealth Management RIA LLC bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,377 shares of the oil and gas company's stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MPC. Brighton Jones LLC increased its position in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after acquiring an additional 1,178 shares during the period. NBC Securities Inc. increased its position in Marathon Petroleum by 47,033.3% during the first quarter. NBC Securities Inc. now owns 1,414 shares of the oil and gas company's stock worth $206,000 after acquiring an additional 1,411 shares during the period. Merit Financial Group LLC increased its position in Marathon Petroleum by 20.2% during the first quarter. Merit Financial Group LLC now owns 9,543 shares of the oil and gas company's stock worth $1,390,000 after acquiring an additional 1,607 shares during the period. Fulton Bank N.A. increased its position in Marathon Petroleum by 3.6% during the first quarter. Fulton Bank N.A. now owns 9,619 shares of the oil and gas company's stock worth $1,401,000 after acquiring an additional 331 shares during the period. Finally, Smith Anglin Financial LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at $210,000. Institutional investors own 76.77% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MPC. Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a report on Friday, July 11th. Piper Sandler boosted their price target on shares of Marathon Petroleum from $184.00 to $222.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. TD Cowen lowered their price target on shares of Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Evercore ISI boosted their price target on shares of Marathon Petroleum from $170.00 to $210.00 and gave the company an "in-line" rating in a report on Friday, September 19th. Finally, Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $195.00.

Marathon Petroleum Stock Down 0.2%

MPC opened at $192.40 on Thursday. The firm's 50-day simple moving average is $176.17 and its 200-day simple moving average is $161.52. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $201.61. The firm has a market cap of $58.49 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.34 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.74. The business had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The firm's quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.12 EPS. Equities research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.91 per share. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 1.9%. Marathon Petroleum's dividend payout ratio is 54.01%.

Insider Transactions at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the transaction, the insider owned 28,700 shares in the company, valued at $4,678,100. This represents a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

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.

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