2,378 Shares in Marathon Petroleum Corporation (NYSE:MPC) Acquired by Good Steward Wealth Advisors LLC

Good Steward Wealth Advisors LLC acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,378 shares of the oil and gas company's stock, valued at approximately $346,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SWS Partners lifted its position in shares of Marathon Petroleum by 19.0% during the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock valued at $2,452,000 after buying an additional 2,806 shares during the last quarter. Greatmark Investment Partners Inc. raised its stake in 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 valued at $22,483,000 after acquiring an additional 5,476 shares during the period. TCTC Holdings LLC lifted its holdings 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. bought a new position in Marathon Petroleum during the fourth quarter worth about $5,624,000. Finally, Principal Securities Inc. raised its position in shares of Marathon Petroleum by 10.3% in the fourth quarter. Principal Securities Inc. now owns 5,550 shares of the oil and gas company's stock valued at $774,000 after purchasing an additional 516 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Down 1.6%

Shares of NYSE:MPC opened at $167.37 on Friday. The firm has a fifty day moving average of $150.86 and a 200 day moving average of $146.77. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. The firm has a market capitalization of $51.42 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 3.30 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company's revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.58 EPS. As a group, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.17%. Marathon Petroleum's payout ratio is 51.20%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MPC shares. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Scotiabank dropped their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. TD Cowen lifted their target price on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Evercore ISI began coverage on Marathon Petroleum in a research report on Wednesday. They set an "in-line" rating and a $170.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $175.80.

Marathon Petroleum 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.

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